Swatch positive on recovery in luxury demand from China

Swatch Group shares hit their highest level in nearly two-and-a-half years on Tuesday after the world’s biggest watchmaker said it expected a recovery in luxury demand from China.
Swatch Group returns to profit, sees strong sales ahead

Swiss watchmaker Swatch Group (UHR.S) said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021.