Swatch CEO again floats idea of going private, sending shares up

By Bloomberg Published March 19, 2025 Swatch Group AG is looking into a potential take-private of the Swiss watchmaker but it will “take time,” according to Chief Executive Officer Nick Hayek.  Swatch “I have a big hope” the company will find someone to “help take us private,” Hayek said at a media event Wednesday, in […]

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China’s tepid rebound has left luxury shops relying on US demand

By Bloomberg Published Feb 9, 2024 Just over a year after China ended its Covid-Zero policy, the expected bounceback in spending on high-end consumer goods has failed to live up to expectations. See catwalkMiu Miu – Spring-Summer2024 – Womenswear – Paris – © Launchmetrics L’Oreal shares tumbled as much as 7.7% on Friday after the […]

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Borsalino names Alessandro Biamonti as new marketing director

Translated by Nicola Mira Published Feb 2, 2024 Borsalino has a new head of marketing and communication, Alessandro Biamonti, who joined the Italian hat-maker last October from Italian label MSGM. Biamonti takes over from Sasha Camperio, who has been appointed marketing director of Haeres Capital, the Swiss investment firm that manages the brands owned by […]

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Swiss Watch exports slowing after a record run

By Bloomberg Published Jan 30, 2024 Swiss watch exports hit record levels last year as watchmakers raised prices and shipments of cheaper quartz watches jumped, though the pace of growth tapered off in the second half. Exports of timepieces hit 26.7 billion Swiss francs ($30.9 billion) in 2023, but the rate of sales growth slumped […]

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Swatch Group sales miss record as strong franc dents results

By Bloomberg Published Jan 23, 2024 Swatch Group AG failed to hit the sales record predicted by its chief executive officer as the return of customers in China for brands including Omega and Longines disappointed and a strong Swiss franc weighed down results. Swatch Group – Tissot The Biel, Switzerland-based company reported revenue of 7.9 […]

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Tata Cliq Luxury launches the ReLoved Store as premium second hand platform

Luxury fashion and lifestyle platform Tata Cliq Luxury has launched the ReLoved store to foray into pre-owned shopping and offer eco-friendly ways to shop. The business has onboarded its first partner Jay’s Watch Store which offers rare, pre-owned timepieces from brands including Omega and Rolex.  The ReLoved Store will expand through partnerships with pre-loved luxury businesses – […]

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