Swatch Group Annual Profit Slumps; Predicts Recovery in 2017

The Swatch Group just announced its 2016 full year results. Despite declines across the board, chief executive Nick Hayek expects a recovery in 2017, nudging the group’s shares up in Zurich trading. Sales at the owner of brands like Omega and Longines fell 10.6% in 2016, with the watch division alone seeing a similar sales drop of 10.7%. Group profit […]

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7 years ago