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Here’s why Swatch Group and Richemont shares are crashing
Here’s why Swatch Group and Richemont shares are crashing
  • Swatch Group’s stock has tumbled to a multi-year low, costing investors billions.
  • Richemont, the parent company of Cartier and IWC, has also plunged.
  • The companies are struggling with the ongoing sales slowdown in China.
September 9, 2024