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%...
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Watchmaker Omega confident in Hong Kong shoppers as it opens two glitzy shops
Swiss luxury watchmaker Omega is ramping up its presence in Hong Kong, opening two specialty shops in the city as it bets on long-term success despite slower than expected economic growth and a gloomy retail outlook. The brand, famously known for its Speedmaster and Seamaster watches as well as being the timepiece preferred by fictional...