Tuesday, May 22, 2012

Swatch eyes single or double digit sales growth

BIENNE - Swatch Group , the world's biggest watchmaker, is expecting high single or double-digit sales growth this year as demand from China and for middle and lower-price products holds up in the face of global economic uncertainty. Photo: Swatch"We are trying to beat the 8 billion Swiss franc ($8.51 billion) mark this year, which would translate into another record year", Swatch Chief Executive Nick Hayek told reporters on the sidelines of the company's annual general meeting on Wednesday.

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