×
166
Fashion Jobs
ADD UR CO LLP
Production Manager
Permanent · Chennai
HR CAPITAL CONSULTING
General Manager Operations- Garment Export
Permanent · National Capital Region
THE GLOBAL ZONE HR SERVICES
Production Manager/ Manufacturing/ Engineering/ Engineer/ Production
Permanent · National Capital Region
ADD UR CO LLP
Production Manager
Permanent · Chennai
ADD UR CO LLP
Logistics Manager
Permanent · Chennai
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
By
Reuters API
Published
Jul 12, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Swatch Group returns to profit as sales jump

By
Reuters API
Published
Jul 12, 2021

Swatch Group returned to profit in the first six months of 2021 and its sales jumped more than 50% as demand recovered from the low point of the COVID-19 pandemic, the Swiss watchmaker said on Monday.


DR



The maker of Longines, Tissot and Omega watches said it made a net profit of 270 million Swiss francs ($295 million) compared with a 308 million franc loss in the same period of last year.

Sales rose to 3.39 billion francs from 2.19 billion a year earlier.

Swatch, known for its upbeat assessments of the market, said it expected further sales improvements during the second half of the year as COVID-19 shutdowns and associated travel restrictions are eased.

"Based on the significantly accelerated increase in sales in the second quarter, particularly in the month of June, the Swatch Group anticipates further strong growth in local currencies in the second half of the year, with sales above 2019 levels," it said in a statement.

Sales of Swiss watches have recovered this year thanks to solid demand in mainland China and the United States, and stores reopening in Europe, but the value of Swiss watch exports was still 3% below 2019 levels in the first five months of 2021.

Rival Richemont, the owner of Cartier jewellery and Piaget and IWC watch brands is due to give its latest sales update on Friday.
 

© Thomson Reuters 2022 All rights reserved.