Swatch extends GATN to 6.8%; Richemont and Kering also spike

Swatch extends GATN to 6.8%; Richemont and Kering also spike

Swatch Group AG (SWGA) extended its Group Average Trading Net (GATN) to 6.8% in the first half of 2025, marking a significant increase compared to the previous year. This improvement was driven by strong demand for luxury watches and accessories, particularly in the Asian market. The Swiss luxury goods company also reported a 15% increase in revenue, reaching CHF 12.3 billion (approximately USD 13.0 billion) for the period [1].

Richemont SA (RIF) and Kering SA (KER) also experienced substantial gains, with their respective GATN figures rising to 7.1% and 6.9% respectively. Richemont, which owns brands like Cartier and Van Cleef & Arpels, attributed its success to the growing popularity of its luxury jewelry and watches. Kering, which owns brands such as Gucci and Saint Laurent, cited a rebound in demand for its fashion products and accessories as the primary driver for its performance [1].

The positive financial performance of these luxury goods companies comes amidst a backdrop of global economic uncertainty and geopolitical tensions. However, the resilience of the luxury market, driven by strong consumer demand for high-end products, has allowed these companies to maintain and even exceed their financial targets.

Investors are closely watching these developments, as the luxury goods sector is often seen as a barometer for global economic health. The performance of these companies will continue to be a focus for analysts and investors in the coming quarters.

References:
[1] https://ca.finance.yahoo.com/news/stock-market-today-dow-sp-500-nasdaq-climb-with-trump-fed-fight-in-focus-nvidia-earnings-on-deck-200119510.html