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Swatch sales drop in 1st half of year amid struggles in China

Swatch sales drop in 1st half of year amid struggles in China

The Swatch Group, the Swiss maker of watches and luxury jewelry saw its first half profits plunge due to the luxury market crisis in China and warned Monday the key market was likely to remain difficult throughout the rest of the year. Profits tumbled 70.5% to 147 million Swiss francs ($164 million) on a 14%...