78
Fashion Jobs
ADIDAS
Customer Fulfillment Senior Manager, See
Permanent · ATHENS
BEIERSDORF
Sales Representative North Greece (Based in Thessaloniki)
Permanent · ATHENS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
L'OREAL GROUP
Senior Product Manager Maybelline – Consumer Products Division
Permanent · NEA IONIA
CLINIQUE
Consumer Marketing Manager, Clinique
Permanent · ATHENS
LA MER
Consumer Marketing Executive, LA Mer
Permanent · ATHENS
TOM FORD
Consumer Marketing Manager Tom Ford
Permanent · ATHENS
L'OREAL GROUP
Beauty Advisor
Permanent · THESSALONIKI
L'OREAL GROUP
Nyx pm Beauty Advisor (Attiki)
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · CHALANDRI
ESTÉE LAUDER COMPANIES
Fixed Assets & Decorations Supervisor
Permanent · ATHENS
SEPHORA
Accounting
Permanent · ATHENS
SEPHORA
Category Specialist
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Mare West) - Μερική Απασχόληση
Permanent ·
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · PIRAEUS
H&M
Hiring Day Chania - Sales Advisors
Permanent · CHANIA
MAD LORDS
Sales Assistant Scorpios Mykonos
Fixed-term · MYKONOS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · MAROUSI
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Metro Mall) - Μερική Απασχόληση
Permanent · AGIOS DIMITRIOS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · KALAMATA
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · NEA IONIA
By
Reuters
Translated by
Isabelle Crossley
Published
May 20, 2021
Download
Download the article
Print
Text size

Swatch denies interest in acquiring Kering watch brands

By
Reuters
Translated by
Isabelle Crossley
Published
May 20, 2021

In response to recent market speculations, Swatch Group said that it is not interested in acquiring watch brands from French luxury group Kering.


Balmain - Swatch Group


When asked whether the Swiss-based business would be interested in such an acquisition, managing director Nick Hayek responded that that was not the case. However, speaking generally, he did not exclude the possibility of any acquisitions by Swatch “if an opportunity arises.” 
 
Hayek also emphasised that Swatch, which owns watch brands Bréguet, Oméga, and Longines, has witnessed “fantastic growth” in the US. Sales there rose by 38% in April compared to the same period two years ago, before the coronavirus pandemic. He added that the brand’s sales have also been strong in China. 

On the other hand, the head of Swatch did note that the situation in Europe remained difficult due to lockdown regulations, especially in France and Germany, which are being imposed in order to contain the spread of new strains of coronavirus. In Britain, according to Hayek, the situation has improved since the reopening of stores in the country from mid-April. 
 
Swatch said that, in terms of the business as a whole, its financial results for its second quarter are “clearly above 2019 levels.”
 
In January, the Swiss watchmaker reported a net loss of 53 million Swiss Francs ($60 million) in 2020. This was the business’ first yearly loss since 1983, the year that Swatch group was created in its current form and the launch of the plastic Swatch watch. 
 
 
 

© Thomson Reuters 2024 All rights reserved.