Net Profit Down 88% But Hopes Up
PARIS – China continues to weigh heavily on the Swatch Group, with the company posting Thursday an 88 percent slump in first-half net income to 17 million Swiss francs, or…
May Swiss Watch Exports Slump After U.S. Tariff-led Surge
PARIS – The pendulum has swung back for Swiss watch exports in May after April’s surge fueled by U.S. tariff concerns. Shipments of wristwatches fell 9.7 percent, coming just shy…
Swiss Watch Exports to U.S. Leap 149% in April Due To Looming Tariffs
PARIS – Watchmakers and retailers rushing to beat a looming, but moving, deadline for U.S. tariffs fueled timepiece exports in April. A total of 1.3 million watches with a value…
Swiss Watch Exports Return to Growth In March As China Slump Slows
PARIS — Is it the inflection point for Swiss watches? Exports in March grew by 1.5 percent in value to 2.1 billion Swiss francs despite a 4.8 percent slump in…