Brand: Swatch

Swatch Group Chair Talks Growing Swiss Watch Industry

Swatch Group Chair Talks Growing Swiss Watch Industry

Nayla Hayek, the Chair of the Board of Directors of the Swatch Group, recently addressed the 2013 General Assembly of the group’s hareholders in Biel, Switzerland. During the address, Hayek spoke about the rebound of the Swiss watch industry. Last year, the Swatch Group posted gross sales of CHF$8,143,000,000 (approximately US$8,538,326,364), a billion francs more than the previous year. But when the Swatch Group was born in 1983, the Swiss watch industry was in serious decline. “In the early 1980s, the Swiss watchmaking industry was practically bankrupt,” Hayek told the General Assembly. “In this situation, something had to be done. READ MORE

Luxury Watch Trends 2016 - Baselworld SIHH Watch News

Subscribe With Haute Time

×