Swatch dips as pocket watch launch disappoints

Swatch groupAG

13/05/2026 11:34

** Shares of watchmaker Swatch UHR.S fall 6%

** Swatch unveils Royal Pop in partnership with luxury brand Audemars Piguet; says collection will be available from Saturday as a pocket watch line

** Market disappointed by news that the much-talked about partnership is for pocket watches and Tuesday's decision by shareholders to
confirm
 the company's board, says Bernstein analyst Luca Solca

** The stock had gained almost 18% last week amid speculation around the partnership

** UBS on Monday said the launch would be "largely anecdotal and unlikely to offset the group's broader structural challenges"

** If losses hold, UHR on track for largest drop in over two months

(Reporting by Alessandro Parodi in Gdansk)

((Alessandro.Parodi@thomsonreuters.com;))