Swatch Group’s sales up 8.3% in November

Swatch Group Ltd., noted 8.3 percent increase in its sales in November, which valued around $9.7 billion, reports say. Although the company faces the brunt of the overvaluing of the Swiss Franc especially against the US dollar and Japanese Yen, reports say.

The company’s portfolio includes over 20 brands in timepieces and the luxury jeweler Harry Winston. The company is seeking to increase production in selective capacities and will also look into capacity expansion ahead.

The Group is looking at a positive 2014 year, and is hopeful of the year 2013 results to be good for its profits and income level, reports say.