Swiss watchmaker Swatch Group said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021.

The investor group has started informally sounding out interest from prospective buyers, people familiar with the matter said.

The son of Sidney Myer — patriarch of the Myer department store dynasty — he followed in his father’s footsteps and was an instrumental figure in developing the Australian retail landscape.

It was not immediately clear how much the company was looking to raise from its New York debut.

The Ningbo-based group released its 2021 financial forecast, which showed net profit attributable to shareholders dropped by 660 million yuan ($104.31 million) or 7 percent year-on-year.

REI is the latest company to have employees unionise, as Covid-19 brings new stresses to the retail workforce.

The designer will instead release images digitally at a later date.

Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on strong US demand, company executives told Reuters.