The end of the last year was already promising for the Swiss watch manufacturer Swatch, the company enjoyed double-digit growth that now continues this year. According to Swatch CE Nick Hayek, every month of 2018 was a record month so far and thanks to the weak Swiss Franc, Swiss watch makers return to levels lastly seen three or four years ago.
Swiss watchmakers didn’t have it easy during the past couple of years: First there was the corruption crackdown in China, which suppressed demand for expensive watches, then the Swiss Franc was too strong. But now, things are getting a better again and watch sales grow in many markets, including China.
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