* Nestle shares rise to highest ever level
(Adds executive, analyst comment, updates shares)
ZURICH A downturn in Asia and France hit Swatch Group in the last three months of 2018, leading the Swiss watchmaker to post lower-than-expected results for the full year and sending its shares almost seven percent lower.
GENEVA Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers.
GENEVA Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday. | Video
* Hublot, H. Moser among brands seeing signs of slowing
ZURICH Novartis is getting its third oncology chief in less than a year after Liz Barrett said on Thursday she was leaving the Swiss drugmaker to become chief executive of a U.S. biotech firm only 11 months after taking up the role.
ZURICH, Nov 29 The Swiss economy unexpectedly
contracted in the third quarter, hit by weak domestic
consumption and an economic downturn in Germany, its biggest
trading partner, the State Secretariat for Economic Affairs
(SECO) said on Thursday.
ZURICH Buying a second-hand luxury watch on eBay should get easier next year as the company gets better at checking that only genuine timepieces are sold on the online platform.