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Top related persons:
Nick Hayek - 1 Tissot - 1 Longines - 1 Omar Al Marzouqi - 1 Omar - 1 Al Marzouqi - 1 “ - 1 ” - 1
Top related locs:
China Grenchen Switzerland Swiss Hong Kong Macau Japan United States
Top related orgs:
Swatch Group - 1 Swatch ETA - 1 Swatch - 1 Alpha - 1 CNN - 1 United Arab Emirates - 1 Asian Games - 1 Sorbonne University Abu Dhabi - 1

Search resuls for: "Longines"


5 mentions found


☆ Swatch sales, profits hit by flagging demand in China
  + stars: | 2024-07-15 | by ( ) www.cnbc.com   time to read: +2 min
Swatch Group reported a steep fall in first half sales and earnings on Monday as the world's biggest watchmaker struggled with weaker demand in China. The sales figure missed the 3.75 billion francs forecast by analysts in a consensus gathered by Visible Alpha. Net profit tumbled to 147 million francs from 498 million francs, it added. Sales during the first half of the year were hurt by a negative currency impact of 145 million francs, it noted. Sales figures outside of China in local currencies were at the level of 2023, a record year, Swatch said.
Persons: Nick Hayek, Tissot, Longines Organizations: Swatch Group, Swatch ETA, Swatch, Alpha Locations: Grenchen, Switzerland, China, Swiss, Hong Kong, Macau, Japan, United States
☆ Omar Al Marzouqi: The young showjumping sensation carrying the UAE flag into the Olympics
  + stars: | 2024-07-09 | by ( Jack Bantock | ) edition.cnn.com   time to read: +5 min
Soaring over fences on horseback in Hangzhou, China, last October, Omar Al Marzouqi was jumping into history. Yet Al Marzouqi made it work – with a little help from his sister. Stephen Bartholomew/IPS/ShutterstockShowjumping has always a family affair for Al Marzouqi, who mounted his first pony at just three years old. Just 15 years old at the time, Al Marzouqi was comfortably the youngest rider in the field in Buenos Aires. For Al Marzouqi, continuing that lineage is a privilege.
Persons: Omar Al Marzouqi, Omar, Al Marzouqi, “, ”, Stephen Bartholomew, Showjumping, Steve Guerdat, Ahlmann, I’m, Al, you’ve, ” Al Marzouqi, Helen Cruden, Ahmed Al Maktoum, Sergiu Toma, Al Marzouqi hasn’t, you’d Organizations: CNN, United Arab Emirates, Asian Games, Sorbonne University Abu Dhabi, Youth Olympics, Paris Olympics, UAE, Games, Athens Locations: Hangzhou, China, Abu Dhabi, UAE, Paris, West Sussex, Argentina, Buenos Aires, Montefalco, Italy, Rio
☆ Why Wear One Watch When You Could Wear Three?
  + stars: | 2023-02-04 | by ( Charlie Schuck | Photographer | For Wsj. Magazine | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/watches-rolex-hermes-omega-vacheron-constantin-longines-blancpain-bulgari-11675460072
☆ Swatch positive on recovery in luxury demand from China
  + stars: | 2023-01-24 | by ( John Revill | ) www.reuters.com   time to read: +3 min
SummarySummary Companies Says January sales have exceeded January 2022Company now expects record sales for 2023Stock hits highest level since July 2021ZURICH, Jan 24 (Reuters) - Swatch Group (UHR.S) shares hit their highest level in nearly two-and-a-half years on Tuesday after the world's biggest watchmaker said it expected a recovery in luxury demand from China. The sales growth in January in China reinforces the Group's expectation to aim for a record year in 2023." The outlook sent Swatch's shares to their highest level since July 2021, and was the latest positive signal for the luxury sector at the start of the Chinese Year of the Rabbit. "To reach the record sales number of 2014 Swatch Group would need to have growth of 16% in 2023," said Patrik Schwendimann of Zuercher Kantonalbank. Europe's luxury sector($1 = 0.9192 Swiss francs)Reporting by John Revill; editing by Kirsten Donovan and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
☆ Swatch Group positive about Chinese market recovery in 2023
  + stars: | 2023-01-24 | by ( John Revill | ) www.reuters.com   time to read: +2 min
The sales growth in January in China reinforces the Group's expectation to aim for a record year in 2023." Rival Swiss luxury group Richemont last week said it was seeing a "strong retail rebound" in China in the run-up to the Chinese New Year. Swatch, which in July said targeted a double digit sales increase for 2022, said its sales in China fell by 700 million Swiss francs ($761 million) during the year. Overall sales increased by 2.5% to 7.499 billion Swiss francs or by 4.6% in constant currency terms, while net profit rose to 823 million francs from 774 million francs a year earlier. Aiming for a record year implies over 23% sales growth, which is a pretty big call by [CEO Nick]Hayek."
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