United States

Silke Koltrowitz

UPDATE 3-Nestle's overhaul starts to pay off as growth accelerates

Feb 14 2019

* Nestle shares rise to highest ever level (Adds executive, analyst comment, updates shares)

Asian slowdown spoils the picture for Swatch Group

Jan 31 2019

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.

Audemars Piguet and Swiss watch rivals hasten shift to in-house sales

Jan 17 2019

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.

Swiss watchmakers brace for slowing Chinese demand

Jan 15 2019

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

RPT-Swiss watchmakers brace for slowing Chinese demand

Jan 15 2019

* Hublot, H. Moser among brands seeing signs of slowing demand

Novartis oncology boss Barrett makes quick exit

Dec 20 2018

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.

UPDATE 1-Swiss economic growth grinds to a halt in Q3

Nov 29 2018

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.

eBay polishes plans for online second-hand luxury watch market

Nov 20 2018

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.

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