The Swiss watchmaker announced its first annual loss since starting business almost 40 years ago on Thursday, as the coronavirus pandemic continues to negatively affect demand in the luxury sector.
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387 published items with the word (s) or phrase Swatch in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
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![]( "Swatch posts first loss in almost 40 years due to pandemic")
Swatch posts first loss in almost 40 years due to pandemic -
![]( "Louis Vuitton promotes David Ponzo to head of global commercial activities")
Louis Vuitton promotes David Ponzo to head of global commercial activitiesCEO of Louis Vuitton Japan David Ponzo has been catapulted to the role of EVP for global commercial activities at LVMH's flagship brand, succeeding Anthony Ledru, who has taken over as head of Tiffany & Co.
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![]( "Luxury giants increase their grip on sector, growth continues but landscape shifts")
Luxury giants increase their grip on sector, growth continues but landscape shiftsThe luxury goods industry was expanding healthily before the pandemic hit, but while sales were strong, a select group of luxury giants dominated the sector overall.
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![]( "Manish Arora goes into liquidation")
Manish Arora goes into liquidationThe fashion label led by the designer once dubbed the “John Galliano of India” has gone into liquidation amidst reports of non-payment of employees and crippling debts.
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![]( "Farfetch losses continue but CEO hails GMV surge, paradigm shift to e-luxury")
Farfetch losses continue but CEO hails GMV surge, paradigm shift to e-luxuryFarfetch is rarely out of the news these days and it’s currently making headlines with its Q3 results. It's still loss-making, but appears to be riding the wave of the "paradigm shift in favour of online luxury".
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![]( "Watch brand Frederique Constant expects 25% drop in sales this year")
Watch brand Frederique Constant expects 25% drop in sales this yearSwiss watch brand Frederique Constant, owned by Japan's Citizen Watch Co, is hoping to limit the fall in sales to 25% this year as September business was almost back to normal, its chief executive told Reuters.
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![]( "Watchmaker Maurice de Mauriac has a mechanism to avoid supply crunch")
Watchmaker Maurice de Mauriac has a mechanism to avoid supply crunchSwiss watchmaker Maurice de Mauriac is confident it can find a new supplier for watch mechanisms to maintain production as it battles an industry-wide drop in demand due to the Covid-19 pandemic.
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![]( "Movado lands licensing agreement with Calvin Klein")
Movado lands licensing agreement with Calvin KleinMovado has entered into a license agreement with Calvin Klein Inc., for the design, product development, distribution and marketing of Swiss made timepieces and jewelry.
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![]( "Swatch Group free to supply watch movements, says Swiss watchdog")
Swatch Group free to supply watch movements, says Swiss watchdogSwatch Group will be free to supply mechanical watch movements wherever it wants, but won’t be allowed to abuse its dominant market position by undercutting rivals’ prices, a Swiss competition watchdog said on Wednesday.
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![]( "Swatch sales nearly halved due to coronavirus")
Swatch sales nearly halved due to coronavirusSwatch, the world's top watch company, said Tuesday its sales were nearly halved in the first half of the year due to coronavirus lockdowns, but that it has already returned to profitable operations.