Swatch Group suffers its first half-year loss, hopeful for rebound


Swatch Group CEO Nick Hayek said he looked forward to a quick rebound from the Covid-19 pandemic.

ZURICH: Swatch Group, the world's biggest watchmaker, reported its first ever half-year loss on Tuesday but founder and CEO Nick Hayek said he looked forward to a quick rebound from the Covid-19 pandemic.

Swiss watchmakers have seen their sales slide due to store closures around the world and as Chinese tourists, their most important customers, could not travel and shop.

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