Swatch Group Delivers Record Earnings

Even though the Swatch Group recently lost it's iconic leader, Nicholas G. Hayek, the company shows no signs of slowing down after reporting recording earnings for the first half of 2010.

The world's largest watchmaker reported a 54 percent increase in profits ($446 million US) through June 30th as sales rose to record levels ($2.72 billion US) thanks to strong demand from the fast-growing Chinese market, which represents 25-30 percent of the group's sales.

The upbeat report comes just over a year after Swatch reported its worst earning news in a decade.

Swatch Group includes Swatch, Omega, Rado, Breguet, Tissot, Hamilton, and many other brands.

Categories: Breguet, Omega, Swatch, Swiss Watch News.

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