Swatch Group news and archive

Time for change: Swatch Group reshuffles leadership team

Swatch Group is reshuffling its management team, with new appointments announced at Longines, Rado, Union, Tissot, Certina, and its Hamilton watch brands The group also announced changes to its Executive Group Management Board and its Extended Group Management. Raynald Aeschlimann, President and CEO of Omega and member of the Extended Group...

Business

Swiss watchmakers see exports plunge amid pandemic

Swiss watch exports plunged by more than a fifth in March, the Swiss watch industry federation, FH, said Tuesday, warning it expected the situation to deteriorate further in April. Overall, Swiss watch exports fell 21.9 percent in March compared to a year earlier, to 1.4 billion Swiss francs (1.4 billion dollars, 1.3 billion euros) -- with a...

Business

Swatch profits go backwards as Hong Kong protests bite

Swiss watchmaker Swatch Group said Thursday profits dwindled last year as sales in one of its biggest markets Hong Kong took a beating amid months of sometimes violent pro democracy protests. Swatch, which is best known for its brightly coloured plastic-cased watches but also owns several luxury brands including Breguet and Omega, posted a 2019...

Business

Calvin Klein ends licensing agreement with Swatch Group

Calvin Klein and Swatch Group have agreed to end their 22-year licensing agreement. In a statement, Calvin Klein, Inc. wrote that it had been evaluating its watch and jewelry license in recent years and felt that the growth opportunity it sees for the category had not been optimized with Swatch Group's license. Both parties believe that they...

Fairs |UPDATE Featured

Baselworld reacts to Swatch Group’s departure, announces changes

“Annual watch fairs, as they exist today, no longer make much sense. This does not mean that they should disappear. But it is necessary that they reinvent themselves”. With this harsh comment, Swatch Group, one of the world’s largest watchmakers, announced its departure from the Baselworld trade show yesterday. But the show’s organizers did not...