Financial

Industry News: Swiss Watch Exports Continue Their Decline For 2016

Watch exports from the Alpine nation fell almost 10% compared with a year before.

Richemont Posts Meagre Improvement in Quarterly Results Ahead of SIHH

The conglomerate's third quarter sales grew 5%, with slight improvements across all areas.

Swatch Group to Make Car Batteries Despite Dismal Results and Investor Doubt

Investor scepticism is no deterrent to the watch conglomerate's venture into electrical vehicle batteries.

Fading Vulcain to Present Cricket Wristwatch to President Trump

Continuing a decades old tradition, President-Elect Trump will receive a Cricket alarm after his inauguration.

Industry News: Watchmakers at Piaget & Vacheron Constantin Protest Job Cuts

Employee unions rejected the Swiss watchmakers' plans to trim their workforces to cope with the downturn in business.

Industry News: Breitling on the Block

Bloomberg reports that the maker of pilot's watches is up for grabs.

Breaking News: Richemont Revamps Top Management as Profit Slumps

The luxury group abolishes the role of chief executive, promotes the next generation of leaders, while reporting grave half year results.

Richemont Profits Continue to Decline; Forecasts 45% Drop for Half-Year

The luxury conglomerate's results for the first five months of the year continue the grim news.

Swatch Group Half-Year Profit Slumps, But Optimism Reigns

The Swatch Group fared badly in the first half of 2016, with profit hitting the lowest in seven years, though management remains confident.

Breaking News: Swatch Group Half-Year Profit Plunges

The largest Swiss watchmaker announced a sharp fall in sales and 50 to 60 per cent drop in profits for the first half of 2016.


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