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Richemont Sees Alibaba JV Operational At End Of September
Swatch Group Names Additional Members To Executive Board
Swatch Group Ceo Sees Improvement Of Production Bottlenecks At The End Of H1
The Swatch Group SA is a Switzerland-based holding company engaged in the apparel and accessories industry. The Company’s activities are divided into two core business segments: Watches and Jewelry, as well as Electronic Systems. The Watches and Jewelry segment includes the production and sale of branded watches, jewelry and quartz movements, notably the brands Breguet, Harry Winston, Blancpain, Glashuette Original, Jaquet Droz, Leon Hatot, Omega, Longines, Rado, Union Glashuette, Tissot, Balmain, Certina, Hamilton, Calvin Klein watches and jewelry, Swatch and Flik Flak. The Electronic Systems segment includes the production and marketing of electronic components, notably batteries and sports timing equipment. The Company also supplies products from these segments to third-party watchmakers. Swatch Group SA is represented worldwide through its subsidiaries and distributors, notably Tourbillion and Hour Passion, and operates Swiss production plants in Boncourt, Grenchen and Villeret.
Jewelry & Silverware
Chairwoman of the Board of Directors
Georges Nicolas Hayek
Chairman of the Executive Group Management Board, Chief Executive Officer, Member of the Board of Directors
Vice Chairman of the Board of Directors
Chief Financial Officer, Member of the Executive Group Management Board
Lionel a Marca
Vice-President and Head of Technical and Development Management for Blancpain and Harry Winston, Member of the Extended Group Management Board
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Swatch Group <UHR.S> shares surged 5% after mid-year results on Wednesday in which the watchmaker issued a positive outlook regarding its biggest markets and reported progress in curbing gray market sales.
* SWATCH GROUP: ADDITIONAL MEMBERS NAMED TO EXECUTIVE GROUP MANAGEMENT BOARD AND TO EXTENDED GROUP MANAGEMENT BOARD
Swatch Group reported a 11.3% fall in first half of 2019 as the Swiss watch maker's sales fell and profitability was squeezed.
* EXEC SAYS DIFFICULT SITUATION IN FRANCE PERSISTS AS PROTESTS ARE ONGOING
A downturn in Asia and France hit Swatch Group in the last three months of 2018, leading the Swiss watchmaker to post lower-than-expected results for the full year and sending its shares almost seven percent lower.
Swatch Group said business slowed in the last three months of 2018 hit by a downturn in Asia and weak sales in France, leading it to post lower-than-expected results for the full year.
Swiss watchmaker Swatch Group will ask shareholders to reduce the group's equity capital by cancelling stock that the company has repurchased, it said on Thursday.
Swatch Group will host an event for watch retailers from March 19 to 26 next year, just ahead of the Baselworld watch fair it recently dropped out of, according to an invitation seen by Reuters on Tuesday.
* CONFIRMS TERMINATION OF CONTRACT FOR PARTICIPATION IN BASELWORLD 2019 BY SWATCH GROUP
Omega watch maker Swatch Group <UHR.S> said it expected strong demand in Asia and America to keep driving sales growth this year after first-half net profit bounced back from weak year-ago levels.
Swatch Group said on Wednesday it expected further growth in the second half of the year after net profit rose by 67 percent in the first half, helped by improving demand for Swiss watches in Asia and America.
Swatch Group <UHR.S> Chief Executive Nick Hayek said the Swiss watchmaker had enjoyed a strong start to 2018 and was cheered by the recent weakening of the Swiss franc.
Swatch Group Chief Executive Nick Hayek said the Swiss watchmaker had enjoyed a strong start to 2018 and was cheered by the recent weakening of the Swiss franc.
Clariant aims to give a strategic update on its partnership with 25-percent investor Saudi Basic Industries Corp (SABIC) in September, Chief Executive Hariolf Kottmann told shareholders at the Swiss speciality chemicals maker's annual general meeting on Monday.
Swatch Group has signaled brighter prospects for the Swiss watch industry, saying the company started the year with accelerating demand for its watches and high-end jewelry.
Swatch Group <UHR.S> Chief Executive Nick Hayek is targeting faster sales growth this year after the world's largest watchmaker increased momentum at the end of 2017 and saw good signs from January trading.
Swatch Group said it expected "very positive" growth in 2018 after net profit rose 28 percent in 2017, helped by an improvement in global demand for Swiss watches.
Swatch Group on Friday painted a brighter outlook for the rest of the year as the world's largest watchmaker said demand for Swiss timepieces in China and Europe is improving.
A Dutch appeals court ruled on Tuesday that Swatch Group <UHR.S> deserved compensation in a $400 million row with U.S. luxury goods maker Tiffany over a failed watch venture.
A Dutch appeals court ruled on Tuesday that Swatch Group deserves compensation in a row with U.S. luxury goods maker Tiffany over a failed watch venture.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.