Times are a changin’: Men’s watches find new appeal among women

Times are a changin’: Men’s watches find new appeal among women – CNNMoney Switzerland

Women are buying more luxury watches—and not just the ones made for them. Brian Duffy, chief executive officer of the UK retailer Watches of Switzerland, says he’s seen a significant increase in women buying watches designed with men in mind.

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Olivia Chang

Risk of recession “very serious,” warns economist Economics professor Cédric Tille explains how global trade tensions are impacting the economy in Switzerland. He calls for fiscal spending as a countermeasure in the event of an economic downturn in the country. Budget surpluses would be better used giving money back to taxpayers rather than paying off public debt, argues Tille. CNN Image

Olivia Chang

Clock ticking for Swiss watchmakers in Hong Kong Swiss watchmakers have been hit hard by the protests in Hong Kong, their biggest global market. Jon Cox, head of Swiss equities at Kepler Cheuvreux, forecasts a 20% drop in exports to Hong Kong in 2019— 40% in the worst-case scenario—with Swatch Group and Richemont among the biggest casualties. CNN Image

Ana Maria Montero

Gstaad Palace hotel: not for sale, but buyers keep asking Andrea Scherz, owner and managing director of the Gstaad Palace hotel, gets a serious offer for the five-star property every few years. In part one of our Newsmaker interview, he says that despite the interest, he is not tempted to sell—because as he says, “What else would I do?” Even so, the strengthening of the Swiss franc is a threat even for luxury hotels, and he admits that this keeps him up at night. CNN Image

Olivia Chang

Ordering dinner online is increasingly popular—and unprofitable While most Swiss still prefer grocery stores and restaurants to ordering dinner online, the demand is growing for fast, inexpensive food delivery. In the second part of our special edition on the future of this booming market, we delve into why something so popular is so unprofitable. CNN Image

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Food fights: Swiss food delivery market is heating upIt started with a phone call in 1998. Today Switzerland’s burgeoning food delivery market is worth an estimated CHF 180 million and is expected to reach a turnover of around CHF 265 million by 2023. But according to experts, major regional differences in eating habits and a strong food retail sector make changing people’s mindsets no easy feat. CNN Image

Hannah Wise

Ken Fisher: Tech makes U.S. look good, but Switzerland another story Tech stocks carry most of the weight of U.S. markets, says billionaire investor Ken Fisher. Even though Swiss tech stocks are strong performers, he says the current market climate means investors should look elsewhere for their portfolios (hint: it’s all about timing). CNN Image

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Mid-sized firms need to speed up digital transformation Cloud software giant Salesforce has been bolstering its presence in Switzerland with new hires in response to growing digital demand. Blaise Roulet, area vice president for Switzerland, tells CNNMoney Switzerland that while certain sectors such as watches and pharma have been quick to adopt new technologies, mid-sized companies are still playing catch up. CNN Image

Olivia Chang

Recession ahead? Bond markets send warning signalsBond markets have been flashing warnings that a recession could be looming. But Anastassios Frangulidis, head of the multi-asset team at Pictet, says that strong labor markets point to low risk of a downturn within the next six to nine months. CNN Image

Olivia Chang

Swiss earnings show signs of economic weakness Swiss corporate earnings are mixed midway through the season, with some companies disappointing and others ‘’delivering the goods,’’ according to Johan Utterman, head of Swiss equities at Lombard Odier IM. “I think you’re seeing some of the weakness in the broader economy showing up in corporate earnings now,” he says.

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Olivia Chang

Straumann raises full-year revenue target Straumann, the Basel-based dental company with operations worldwide, recorded double-digit growth in all regions in the second quarter. CEO Marco Gadola sees the strong franc, particularly against the renminbi and the euro, as one of the biggest risks to the rosier outlook. CNN Image

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Desperate times ahead for Hochdorf, warns Research Partners Loss-making food group Hochdorf is facing “a desperate situation” as it struggles with mounting debt, digesting a large acquisition, and challenges in some of its markets, warns Ronald Wildmann, partner at Research Partners. He argues that the company, which will release its half-year results next week, should focus on strengthening its dairy business. CNN Image

Olivia Chang

Swiss Life warns of negative rate headache The “extremely negative interest rate” environment is bleak and is forcing Swiss Life to readjust products offered to clients, warned CEO Patrick Frost in an interview with CNNMoney Switzerland. His comments came as the life insurer reported a 10% jump in net profits in the first half of the…

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