News: The Swatch Group SA (UHR.VX)
17 May 2013
Fri, Apr 26 2013
ZURICH - China Haidian Holdings may not stop at this week's acquisition of Swiss watchmaker Corum as it seeks a foothold in high-end timepieces popular with Chinese consumers.
BASEL - Luxury watchmakers expect sales growth to slow this year as a recovery in the United States and buoyant Middle East demand fail to offset a China slump more deep-rooted than a temporary blip caused by anti-corruption moves.
ZURICH, March 21 - Shares in Swiss watchmakers Swatch Group and Richemont fall on Thursday after plummeting watch exports to their key growth market, Greater China, indicate a recovery in that region is not around the corner.
GRENCHEN, Switzerland - Swatch has published a version of its annual report in the Swiss-German dialect for which there is no standard written form, the latest act of rebellion from the watchmaker which has long enjoyed provoking the Swiss business establishment.
GRENCHEN, Switzerland, March 6 - Swatch has published a version of its annual report in the Swiss-German dialect for which there is no standard written form, the latest act of rebellion from the watchmaker which has long enjoyed provoking the Swiss business establishment.
* Weko confirms agreement, doesn't elaborate (Adds competition body Weko comment, detail)
GRENCHEN, Switzerland, March 6 - The world's largest watchmaker Swatch Group has reached an undisclosed agreement in principle with Swiss competition officials over watch movements to third parties, the luxury watchmaker's chief lawyer said on Wednesday.
ZURICH, March 1 - The threat of Swatch Group being excluded from Swiss blue-chip index SMI was lifted after the exchange cancelled plans to amend its accounting guidelines.
NEW YORK, Feb 13 - Leon Cooperman, Chief Executive Officer of hedge fund Omega Advisors, sold his stake in Apple Inc and took new stakes in SandRidge Energy Inc and Facebook Inc in the fourth quarter, a regulatory filing showed on Wednesday.
ZURICH, Feb 7 - Shares in Swiss watchmakers Swatch Group and Richemont fell on Thursday after the government in China, the industry's fastest growing market, banned TV and radio advertisements for expensive gifts.