swatch

Retail Asia18/07/2023

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 malls across Malaysia. Swatch wants damages and the return of the watches, worth $14,000 (£10,700). Homosexual activity is […]

Retail Asia01/02/2021

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 forecasts compiled by the AWP agency for 5.8 billion Swiss francs. […]

Retail Asia16/07/2020

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 definitively in Hong Kong as well as shops that sell its […]

Retail Asia15/04/2019

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. However, Swatch was sued by Apple two years ago for a similar […]

Retail Asia23/07/2018

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. Its net income has increased by 66.5 per cent to CHF468 million […]

Retail Asia06/12/2017

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 manager Pascal Scherer, brand manager Kenny Lim sales and marketing manager Florence Loke. Special guests included […]

Retail Asia09/11/2017

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 Asia real-estate intelligence group Mingtiandi. The new deal gives the UK-based […]

Retail Asia23/10/2017

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 Economic Times (published in Chinese), Swatch is paying […]

Retail Asia25/07/2017

“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. Swatch’s factories this month are running at maximum capacity, Hayek says, with […]

Retail Asia22/03/2017

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 stores in Japan, and intends to increase that […]

Retail Asia16/03/2017

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 Majid and beauty queen Serene Lim. Omega president/CEO Raynald Aeschlimann told guests that the brand had […]

Retail Asia06/02/2017

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. Net profit fell 47 per cent to 593 million Swiss francs (US$598 million) […]

Retail Asia21/03/2016

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 negatively impacted on the business development of the Group, resulting in weak sales of internationally renowned brand watches. Despite […]

Tag: swatch

Swiss watchmaker Swatch sues Malaysia for seizure of Pride watches

Swatch launches art-themed Macau pop up

Swatch cuts 2400 jobs, speeds up Hong Kong store cull

Swatch wins trademark lawsuit against Apple

Asia boosts Swatch Group sales record

Calvin Klein watch showcase will be in Suria KLCC

Topshop Hong Kong saves money in rent

Swatch Group rent coup underlines landlord challenge

Swatch Group CEO reports ‘spectacular’ sales growth

Tissot Japan plans to double outlets

Omega Malaysia opens fourth boutique

Swatch Group confident despite profit dive

Hengdeli Achieves Sustainable Growth for 2015