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The Swatch Group AG (SWGAF)

169.00

0.00

(0.00%)

At close: May 23 at 4:00:00 PM EDT

Swatch shareholders reject bid by US investor to join board

ZURICH (Reuters) -Swatch Group shareholders on Wednesday rejected a bid by an American investor to secure a place on the company's board, as the family that has long dominated the watchmaker closed ranks to keep him out. Steven Wood, founder of U.S. firm GreenWood Investors, is pressing Swatch to focus more on its luxury brands such as Breguet and Blancpain in an attempt to turn around the fortunes of the Swiss company. To be elected to the board he had to win over the Hayek family, which controls about 44% of Swatch voting rights.

Reuters 3 days ago

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Yahoo Finance UK 2 months ago

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Norqain takes on the NYC Marathon — and bigger Swiss watch rivals

For Swiss watch startup Norqain, a partnership with the just-completed TCS New York City marathon just makes sense.

Yahoo Finance 6 months ago

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Why America is the place to be for luxury watch brands

Last weekend's WatchTime NY event highlighted the importance of the American market to luxury watchmakers.

Yahoo Finance 6 months ago

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UBS downgrades Swatch Group and Moncler, citing soft demand in luxury markets

UBS has downgraded shares of Swatch Group AG (SIX:UHR) and Moncler (LON:0QII), citing soft demand in key luxury markets, particularly China, and a challenging outlook for the luxury goods sector overall. The brokerage reduced its rating on Swatch to "sell" from a previous "neutral" and lowered its 12-month price target to CHF127 from CHF178. Similarly, UBS downgraded Moncler to “neutral” from “buy”, citing weakening demand and a challenging macroeconomic environment affecting consumer spending.

Investing.com 7 months ago

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Breguet Names Gregory Kissling New CEO; Lionel a Marca Heads to Blancpain

The Omega veteran replaces Lionel a Marca, who is moving to Blancpain in tandem with a new role overseeing manufacturing for Swatch Group’s high-end division.

WWD 8 months ago

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Rolex prices are falling and supplies are rising

For investors in Swiss watch brands, new data shows long-running price declines will continue.

Yahoo Finance 9 months ago

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Swatch Group H1 Profits Fall 70%, Dragged Down by China Slowdown

Despite the Swiss group’s confidence that the second half would improve strongly, markets remained skeptical.

WWD 10 months ago

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Performance Overview

Return	SWGAF	MSCI WORLD (^990100-USD-STRD)
YTD	-1.52%	+2.26%
1-Year	-21.21%	+9.73%
3-Year	-32.65%	--

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The Swatch Group AG (SWGAF)

Swatch shareholders reject bid by US investor to join board

Stocks to watch this week: Tencent, Micron, Nike, Prudential and JD Wetherspoon

Trending tickers: Nvidia, Intel, Adobe, Hugo Boss and Deliveroo

Stocks to watch this week: TSMC, Oracle, Volkswagen, Inditex and Persimmon

Norqain takes on the NYC Marathon — and bigger Swiss watch rivals

Why America is the place to be for luxury watch brands

UBS downgrades Swatch Group and Moncler, citing soft demand in luxury markets

Breguet Names Gregory Kissling New CEO; Lionel a Marca Heads to Blancpain

Rolex prices are falling and supplies are rising

Swatch Group H1 Profits Fall 70%, Dragged Down by China Slowdown

Performance Overview