Saturday, September 29, 2012

Swatch CEO says record sales target will be a "fight"

ST.-IMIER, Switzerland (Reuters) - Swatch Group (UHR.VX) will have to work hard to achieve its goal of increasing sales this year to 8 billion Swiss francs ($8.50 billion) from last year's record high of 7 billion, its chief executive told Reuters on Thursday. Nick Hayek, CEONick Hayek, chief executive of the world's largest watchmaker, cited slowing growth in China and the euro zone crisis as the reasons for why hard work was needed."We still try to reach the 8 billion Swiss franc target, but

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