Swatch Group, is aiming for record sales of more than 7 billion Swiss francs ($7.5 billion) this year and will hire 1,000-1,500 in Switzerland to boost production capacity, its head told Le Temps newspaper.
In Dubai, whether it's chocolate truffles at $272 apiece or jewel-encrusted Dior mobile phones, shoppers are biting into luxury retail again after a downturn hit consumer spending in the Gulf Arab emirate.
Cash rich companies will go shopping for mid-cap firms in Europe this year as the early part of an M&A cycle takes hold, the co-head of European equities at Edmond de Rothschild Asset Management said on Wednesday.
The world's biggest watchmaker Swatch on Wednesday posted record sales of 6.4 billion francs (6.6 billion dollars, 4.95 billion euros) for 2010, and issued a "positive" outlook for this year.The results were up 18.
Shares in watchmaker Swatch Group fall more than 3 percent, lagging a 0.4 percent rise in the European sector index, as investors take profits and concerns about the impact of the strong Swiss franc weigh.