Strong Swiss franc cuts into Swatch's sales tally

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

A strong Swiss franc is making life difficult for Swatch (SWGAY), according to the company's CEO.

The exec says the impact of the strong currency is 400M-500M franc ($453M-$566M).

Swatch's growth rate in China and Hong Kong is understated due to the bustling franc.