Friday, January 30, 2026 at 7:03 AM
The Swiss watchmaker said sales fell on year despite growth in the back half of the year, adding that momentum has continued this month.
The U.K.-based group said demand for its core luxury brands remained strong and continued to outstrip supply in both its home market and the U.S.
Falling resale values show that even the makers of the world’s most popular luxury goods are feeling a slowdown.
Sales fell more than expected in December, as the rebound in household spending that is expected to help the economy in 2026 remains fragile.
Julius Baer reported a sharp drop in profits for 2025 due to a series of previously flagged one-offs including credit write-downs and the sale of its Brazilian subsidiary.
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