Baselworld opens to mechanical stars

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Baselworld opens today, runs 24 April – 2 May 2013 BASEL, SWITZERLAND – Today’s attention grabber at the world’s biggest watch fair is, once again, Swatch. The company that began just 30 years ago and that proceeded to turn the watch world upside down has come out with a surprising new product, called Sistem51. The […]

Swatch sales top CHF8b, forecast 5-10% annual growth

Watchmaker forecasts 5-10% growth annually for long-term GENEVA, SWITZERLAND – The Swatch Group in Biel/Bienne says its sales topped the goal of CHF8 billion in sales in 2012, a 14.14 percent increase and CHF1b more than in 2012, in a market the company labelled “extremely nervous”. Net income was CHF1.6 million, a 26 percent increase […]

When Harry meets Hayek

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Two companies exploring option of joint diamond polishing venture GENEVA, SWITZERLAND – American jewelry firm Harry Winston, whose diamonds have long been popular with celebrities, will have a new owner, Swatch, once the authorities clear the US$750 million deal. Swatch, the world’s top finished watchmaker in terms of sales, will take over the 535 employees […]

Swiss business: Swatch buys suppliers, Roche hurt by franc, franc up against $

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WTO in Geneva predicts slower exports in 2012 GENEVA, SWITZERLAND – The high Swiss franc went higher against the dollar Wednesday 11 April, as it “appreciated against 11 of 16 major peers”, Bloomberg reported late 11 April, noting that “strengthened against the dollar after the country sold bonds amid demand for its assets as a […]

Swatch reports “record numbers at all levels”

GENEVA, SWITZERLAND – The Swatch Group continued in 2011 to have “record numbers at all levels” as it posted its 2012 financial figures Tuesday 7 February. Gross sales were CHF7.14 million,  up nearly 22 percent over 2010′s record sales, at constant exchange rates. “The continued weakness in the euro and the dollar during the year […]

Strong franc dominates company results: Swatch, Credit Suisse, Logitech

GENEVA, SWITZERLAND – Swiss company news continues to be haunted by the record strong Swiss franc. Swatch says its sales remain strong despite the franc, but the currency impact is clear, with sales up 27.4 percent at constant rates, over 2010 half-year sales, or 13.3 percent at current rates. Credit Suisse confirmed rumours of job […]

Baselworld sets planet ticking to beat of innovation

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Industry’s main watch fair will pull in 100,000 people in 7 days Basel, Switzerland (GenevaLunch) – Baselworld opens today, 24 March and runs until 31 March, giving Switzerland and the rest of the world a good look at the latest timepieces, but also a chance to reflect on the growing impact of developing economies. Watches […]

Swatch to hire at least 1,000 in Switzerland

Biel/Bienne and Geneva, Switzerland (GenevaLunch) – Swatch Tuesday 1 March confirmed its strong forecast for 2011 worldwide watch sales by saying it plans to hire 1,000-1,500 workers in 2011, at its Swiss plants, to keep up with demand. The company added 1,600 new employees, worldwide, in 2010. Chief executive Nick Hayek told Le Temps newspaper […]

Swiss chocolate, watches, fragrances: outlook good despite strong franc

The Tristan chocolate, a Swiss delight

Swiss cut back on imported chocolate but eat a little more Swiss chocolate: 12 kg per person Zurich, Switzerland (GenevaLunch) – Key companies in three Swiss industries whose business is linked to the country’s reputation, have noted, noted Tuesday 8 February that while the strong franc has not helped them, they are upbeat about the […]

Geneva watch fair, Swatch results show upbeat watch market

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Geneva’s new Superwatch award goes to first-ever time display with no hands, numbers, disks Swatch says 2010 was record sales year Geneva and Biel/Bienne, Switzerland (GenevaLunch) – Swatch Group, based in Biel/Bienne reported 2010 financial results Wednesday morning 19 January, showing record sales of CHF6.44 billion, up 21.8 percent compared to 2009, and 12.7 percent […]