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Swatch CEO Warns Iran War Is Weighing on Watchmaker’s Sales

The company has more than 200 stores in the Middle East, said chief executive officer Nick Hayek.
Swatch 'SISTEM51 Irony' watch | Source: Swatch
Shares of Swatch have fallen about 16 percent since the start of the conflict in the Middle East. (Courtesy of Swatch)

Swatch Group AG is bracing for economic upheaval to persist this year, with turmoil in the Middle East hitting the watchmaker just as it grapples with the impact of a strong Swiss franc and tariffs.

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