Pause operations: company temporarily curtailing operations while keeping return options open
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Swatch
Swatch
Swatch is a Swiss watch brand, part of The Swatch Group Ltd. Swatch S.A. swatch.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionRevenue(RF), mln.USD
47
Assets(RF), mln.USD
141
Capital(RF), mln.USD
104
Glob.Revenue, mln.USD
7499
Staff(RF), 2021
783
Taxes(RF), mln.USD
2
The Swiss watch manufacturer Swatch Group has halved the number of its Russian outlets. The Swatch Group (brands Breguet, Harry Winston, Omega, Rado) in 2023 terminated the lease agreements for 15 of its stores in Moscow, St. Petersburg and other cities, according to Swatch Group Rus reports. The company has 13 points left.
The Company Statement
March 08, 2022
Temporarily suspended the operations of its 51 stores in Russia.(Russia accounted for ~1% of group sales. Very little supply sourcing from Russia)
| April 02, 2024 | Luxury international brands are closing stores in Russia |
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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