Published 8 days ago

China, Hong Kong Downturn Sends Swatch Sales Sliding

Summary by rapaport.com

Swatch Group’s revenue fell in 2024 as demand in China and Hong Kong remained weak, overshadowing strong sales in other key markets. Revenue dropped 15% to CHF 6.74 billion ($7.42 billion) for the year, the luxury group — which owns Harry Winston, Omega and Tissot — reported last week. Sales of jewelry and watches, the company’s dominant category, slipped 15% to CHF 6.42 billion ($7.07 billion). Its electronics division accounted for most of th…

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Coverage Details

Total News Sources0

Leaning Left0Leaning Right0Center0Last Updated8 days agoBias Distribution

No sources with tracked biases.

Bias Distribution

There is no tracked Bias information for the sources covering this story.

Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

China, Hong Kong Downturn Sends Swatch Sales Sliding

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics