Swatch says profit plunge ‘exclusively attributable’ to declining sales in China - South China Morning Post

Swatch Group reported different six months of falling income and profit, deed hard by sluggish request for luxury timepieces successful China. Swatch shares slid arsenic overmuch arsenic 2.6 per cent successful aboriginal Swiss trading connected Thursday. The Swiss watchmaking group, whose brands see Omega, Blancpain and jeweller Harry Winston, reported a worse-than-expected 7.1 per cent driblet successful sales. Operating income plunged to 68 cardinal Swiss francs (US$85 million) – astir fractional what analysts had estimated – from 204 million...