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Top related persons:
Nick Hayek - 1 Tissot - 1 Longines - 1 CNN — - 1 ” - 1 Nick Hayek Jr - 1 “ - 1 ” Hayek - 1
Top related locs:
Grenchen Switzerland China Swiss Hong Kong Macau Japan United States
Top related orgs:
Swatch - 2 Swatch Group - 1 Swatch ETA - 1 Alpha - 1 CNN - 1 Ministry of Home Affairs - 1 Printing - 1 Malaysian - 1

Search resuls for: "Nick Hayek"


3 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
☆ Wear Swatch's 'LGBTQ-related' products in Malaysia and you could face 3 years in jail
  + stars: | 2023-08-11 | by ( Heather Chen | ) edition.cnn.com   time to read: +5 min
The ban comes under the Printing Presses and Publications Act, the ministry added. ‘Political punching bag’Rights groups say the LGBTQ community faces growing intolerance in Malaysia and accuse the government of being at least partly to blame. “It showcases an alarming trend where symbols of pride and acts of solidarity with the LGBTQ community are met with harsh and disproportionate government responses,” Dhia said. As more individuals and groups come forward in support of the LGBTQ community, the state’s pushback grows increasingly aggressive,” Dhia added. By creating an environment of fear and hostility, the Malaysian government does a disservice not only to the LGBTQ community but to every Malaysian citizen.”
Persons: CNN —, ”, Nick Hayek Jr, “, ” Hayek, Phil Robertson, ” Robertson, Dhia Rezki Rohaizad, ” Dhia, Matty Healy, Dhia Organizations: CNN, Swatch, Ministry of Home Affairs, Printing, Malaysian, ” Swatch Malaysia, Asia, Human Rights, “, “ Gay, British Locations: Malaysia, Malaysian
☆ 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.
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