Fire at Swatch factory could cause delays

|About: Swatch Group AG ADR (SWGAY)|By:, SA News Editor

A destructive fire at a Swatch (SWGAY) factory could impact production for other watchmakers which order supplies from the company.

Richemont (CFRUY), LVMH Moet Hennessy (LVMHF), and Hermes (HESAF) all rely on Swatch for the internal mechanisms of their branded lines of watches.