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Stock prices of luxury watch groups rise as Coronavirus spread slows

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Share prices for the major luxury conglomerates have risen sharply this week as hopes rise that the spread of Covid-19 Coronavirus is being contained.

CORDER’S COLUMN: Great businesses will come through this pandemic

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There is hope that this month will be the nadir of the crisis as far as Swatch Group is concerned because life is slowly returning to normal in China.

Swatch Group sees the situation in China improving and vows to...

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Chief Executive Nick Hayek suggests Asian markets are bouncing back but Europe and United States are at a standstill.

Swatch Group CEO says prophets of doom will not push him...

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Nick Hayek admits sales in China have taken a massive hit but group is well-placed to weather current storm.

Luxury watch groups swept up in global stock market sell-off as...

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LVMH's share priced dropped by 5% on Monday as a surge in Coronavirus cases was reported in Italy. Swatch Group and Richemont were down by similar percentages.

CORDER’S COLUMN: Swatch Group’s cancellation causes waves across the industry

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Whatever Swatch Group does next, it must maintain strong relationships with retail partners that it needs to represent its brands on the ground.

Baselworld says it is “analyzing and observing” coronavirus impact

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Managing director Michel Loris-Melikoff tells WatchPro that there are currently no changes to its plan.

Coronavirus causes Hong Kong International Jewellery Show to move from March...

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Hong Kong's Trade Development Council, which organizes the show, issues a statement saying safety of exhibitors and buyers must be the priority.

BREAKING NEWS: Swatch Group cancels 2020 launches in Switzerland over coronavirus...

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Corporate statement says Time to Move event, scheduled for first week of March, has been scratched over concerns relating to Chinese outbreak.

Swatch Group sales fall as coronavirus, Hong Kong protests and smartwatches...

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With over half of its sales going to Chinese customers, the group is more exposed than rivals to threats in China and Hong Kong.