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Revenues were down 4.4 percent as political unrest impacted sales in Hong Kong, the world’s number-one market for Swiss watches.
The watch label has held two product events with U.S. retailers since the start of the year.
The Australian actor was in Chantilly for the Longines-sponsored Prix de Diane horse race.
Nick Hayek, Swatch’s ceo, said the group would no longer supply LVMH and Richemont brands with parts after their contracts run out at the end of the year.
Projecting “healthy growth” for 2019, the group said January has started with “solid growth.”
The upcoming year will be a transition for trade fairs SIHH and Baselworld, who plan to hold their events back-to-back starting in 2020.
The Swiss watchmaker has timed the meetings to coincide with Baselworld, after pulling out of the watch fair earlier this year.
Trade show organizers scramble to shore up their events while brands reconsider the tradition in a digital age.
The watch group was the fair’s largest exhibitor, and its departure comes as brands increasingly are focused on selling direct to consumers.
Chinese watch buyers are keeping a closer eye on value for money and increasingly turning to digital avenues for their purchases.
Patti + Ricky will open its first pop-up store in New York this fall and aims to partner with designers and department stores.