Swatch Group's Market Slide Culminates in Delisting from Prestigious SLI: A Time of Change for Luxury Watch Titans

Recently, a notable shift took place in the realm of luxury watches. The Swatch Group, known for its ownership of notable brands such as Omega, Longines, and Tissot, has found itself removed from the Swiss Leader Index (SLI). This delisting reflects the company’s declining market capitalization and lower trading volumes. The vacuum in the SLI left by Swatch Group is being filled by Helvetia Baloise Holding, which holds the title of the second-largest insurance company in Switzerland. This change in the stock index will be implemented on December 22, 2025. An increasingly competitive market, coupled with a significant drop in sales within the Chinese market, have been identified as the key contributing factors to the Swatch Group’s downturn. This removal from the Swiss Leader Index does not mark the first time Swatch Group has seen itself downgraded within a stock index – it was also removed from the Swiss Market Index back in 2021. Over the course of the last twelve months, Swatch shares have seen their value diminish by 5%. This stark decline in share value was a result of deteriorating sales and dwindling profits due to weakening sales in the Chinese market. The current market capitalization of the Swatch Group stands at 8.66 billion Swiss francs, equivalent to $10.9 billion. Moreover, the trading volumes of the company’s shares have also seen a reduction, slashing down to nearly one-third within this year. The Swiss Leader Index is a broad measurement of Swiss firms, encompassing the top 20 blue-chip companies on the Swiss Market Index, as well as the 10 largest mid-cap stocks from the Swiss Market Index Mid. Given this breadth, its role serves as a critical indicator for index funds, ETCs, and derivatives, thereby offering investors an all-inclusive exposure to large and mid-cap Swiss stocks.