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January 22, 2008
Swatch Profits From Demand For HIgh-End Watches
Swiss watchmaker Swatch Group reported a 17.6% surge in full-year sales, thanks to strength in Asia and the Middle East.
The company, whose brands include Omega, Breguet and Swatch, said that it benefitted from a demand for high-end watches, despite unstable exchange rates that ate into its margins.
The company predicted further growth ahead, including a double digit increase this month.
Posted by Blacks on January 22, 2008 09:14 AM
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