Swatch Group sales fall in 2015

Swatch Group sales down in 2015, stung by the strength of the Swiss franc and weakness in Hong Kong, the biggest market in the world for Swiss watches.

Net sales totaled $8.5 billion in 2015, down 0.9 percent from the previous year at constant exchange rates, and 3 percent lower at current exchange rates, the Swiss watchmaker said in a statement.

The Watches & Jewelry segment, including production, generated net sales of $8.2 billion, a 0.8 percent drop at constant exchange rates.