
Demand for timepieces fell 15 percent at this year's Baselworld watch and jewellery fair as the gloomy economic outlook made retailers take a cautious approach to stocking up on luxury accessories.
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Demand for timepieces fell 15 percent at this year's Baselworld watch and jewellery fair as the gloomy economic outlook made retailers take a cautious approach to stocking up on luxury accessories.
Against the backdrop of the tradeshow Baselworld, which will end on April 2, the global leader in horology has announced the purchase of its South African distributor Swiss Precision Ltd. The exact cost of the transac...
Swiss watchmaker Tissot, part of Swatch Group, expects sales in 2009 to be stronger than last year as consumers carry on buying less expensive watches during the economic downturn.
Swatch Group would consider buying a well managed retailer in Europe, the Chairman of the world's largest watchmaker was quoted as saying on Thursday, but he ruled out a takeover of Junghans or investing in Peace Mark.
Shares in watchmaker and retailer Peace Mark were suspended Monday after private equity firm CVC Asia Pacific made an indicative offer for shares in the company in what sources called a "white knight" bid.
Nicolas Hayek, chairman of the world's largest watch-maker Swatch told a newspaper on Monday, March 31th that he was considering taking the group private.
Swatch Group, the world's biggest watchmaker, reported 2007 net income Friday March 14th of 1.015 billion Swiss francs (644.2 million euros, 1.0 billion dollars), up 22.3 percent from the previous year.