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Swiss watchmaker Swatch says it has begun legal proceedings against the Malaysian government for seizing LGBTQ-themed watches from its stores. The move comes after officials impounded 172 watches from its rainbow-colored Pride collection, on sale at shopping…
Swiss watch giant Swatch Group said Thursday it suffered a net loss of 53 million Swiss frances (49 million euros) last year as the coronavirus ravaged the global economy. Sales were down more than 32 percent at 5.5 billion Swiss francs, short of analyst…
Swatch Group has cut about 2400 jobs, its biggest cull in at least three decades, and will trim its store network as the Swiss watchmaker recorded its first-ever loss. The maker of Omega and Longines timepieces said Tuesday it accelerated plans to shut stores…
Swatch is no stranger to legal battles with giants like Apple and Samsung, and to some success, we might add. The Swiss company filed a lawsuit against Samsung two months ago, because the South Korean company copied Swatch’s trademark on its smartwatch faces.…
An overview of watchmaker Swatch Group’s international business has revealed record half-year sales, largely led by Asia. The group’s net sales increased by 14.7 per cent during the first half of this year, with growth in all regions led by Asia and America.…
Calvin Klein Watches + Jewelry has opened its largest kiosk for Malaysia in Suria KLCC, featuring timepieces and accessories. Attended the launch were Swatch Group Malaysia and Singapore president Jose de Cardoso, Calvin Klein Watches + Jewelry regional sales…
Renewing the lease for its Queen’s Road shop in Central, fashion brand Topshop Hong Kong has halved the rent. It now has a rate of HK$1.5 million (US$192,000) a month for its 12,000sqft (1100sqm) store on one of Hong Kong’s busiest shopping streets, reports…
Swatch Group has secured two prime Central stores at rental rates less than half the previous tenants were paying – evidence that retail rents in Hong Kong may not yet be levelling out as the market is being told. According to a report in the Hong Kong…
“Spectacular” sales acceleration helped return watch company Swatch Group return to profits growth in its first half, says CEO Nick Hayek. And China is at the core of the rapid turnaround, suggesting the end has arrived of the luxury watch sector’s dry spell.…
Tissot Japan plans to almost double its stores to 300 locations over the next few years. The Swiss watchmaker says its aim is to broaden its brand recognition in one of its most important markets. Part of the Swatch Group, Tissot has its products in about 170…
Omega Malaysia has opened its fourth boutique, at Suria KLCC in Kuala Lumpur. As well as a ribbon-cutting ceremony, there was a traditional lion-dance performance. Guests included actors Jojo Goh, Nazim Othman, Siti Saleha and Tasha Shilla, singer Sheila…
While Swatch Group profits nearly halved last year in a weak global watch market, the Swiss company is predicting “healthy growth” ahead. Swatch Group owns such luxury brands as Breguet, Longines and Omega as well as marketing watches carrying its own name.…
Hengdeli Holdings Limited, a world-leading retailer of internationally renowned brand watches, announced its annual results for the year ended 31 December 2015 (the “year under review”). In 2015, the overall operating environment was very challenging and…
