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Swatch is seeing sales slump, and it's because of China
Source: Buzz FX / 31 Jan 2025 02:41:23 America/New_York
- Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.
- It attributed its weak results to a "persistently difficult market situation" in China.
- 2024 was a bad year for luxury brands, from LVMH and Ker
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