Asian slowdown spoils the picture for Swatch Group
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ZURICH (Reuters) - Swatch Group said business slowed in the last three months of 2018 hit by a downturn in Asia and France, leading the Swiss watchmaker to post lower-than-expected results for the full year and sending its shares seven percent lower."(In Asia) a downturn in demand occurred in the last three months of the year, particularly in wholesale," the maker of Swatch watches, sporty Tissot and luxury Breguet timepieces said in a statement on Thursday.It also pointed to a "very weak"..