Swatch Profits Hit by Weaker Chinese Demand
Wall Street Journal
Swatch reported a steep drop in first-half sales and profits on weaker demand for luxury goods in China, and cautioned it expected the Chinese market to remain challenging until the end of the year.
https://www.wsj.com/articles/swatch-group-posts-sales-decline-on-weak-demand-in-china-d4330c4d