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    Swatch sees promising year despite weak China demand

    The world's biggest watch maker, Swatch Group, reported a strong rise in H1 profit and sales and a promising outlook for the rest of the year despite weakening demand in the high-end segment in China. The company behind such brands as Omega, Tissot and the eponymous plastic watches has been riding high on buoyant demand in China, driven by rising incomes and the growing popularity of Western brands. But, like other European luxury goods manufacturers, Swatch has also begun to feel the effects of an increasingly difficult business environment; particularly as economic growth in China slows.


     

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