Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.

The watchmaker, one of the most shorted stocks in Europe, on Thursday said operating profit plunged almost 75% last year.

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A few months after the seizure, the government banned all Swatch products that contain lesbian, gay, bisexual, transgender or queer elements — including watches, wrappers and boxes. The ban was ...

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Swatch Group AG profit fell sharply as the watch industry continues to struggle with weakness in Chinese consumer demand.

Swatch Group reported sharply lower results for 2024. The prolonged slowdown of the watchmaking industry in China, the watchmaking group's largest market, and the strength of the Swiss franc continued ...

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