Swatch

The Man Behind the Brand: Pierre Jaquet-Droz

Pierre Jaquet-Droz was a real devil. Or at least people thought so. In 1758, Jaquet-Droz, whose name lives on in the high-end mechanical-watch brand owned by the Swatch Group, scared so many people with his mysterious, other-worldly machines that he was suspected of witchcraft.

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Aug 22, 2010 by Norma Buchanan

It’s Time – WatchTime New York 2024 Tickets On Sale Now!

After an incredible show in 2023, WatchTime New York, the premier collector’s event in North America, is set to return to Manhattan from October 18th to 20th, 2024. WatchTime New York 2024 promises to be even more spectacular, with the show marking the 25th anniversary of WatchTime and bringing together the world’s finest watchmakers, timepieces,...

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Jun 20, 2024 by WatchTime

UTS 1000M GMT Professional Diver and Diver 1000V2

UTS Watches now offers the 1000M GMT Professional Diver with a 24hour bezel and sapphire display back, and the Diver 1000V2 is now available on a strap. Both watches measure 43mm x 14.5mm and both are limited to 200 pieces.

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Aug 20, 2010 by WatchTime

Swatch Group First Half Sales and Profits Jump to Record Levels

Swatch Group’s gross sales for the first half of 2010 exceeded SFr.3 billion for the first time ever, topping the 2008 record, and the future looks bright, thanks largely to China and Russia. The Group’s Chief Executive Nick Hayek told Reuters “We do not see what could keep us from achieving record sales and profit...

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Aug 4, 2010 by WatchTime

Swatch Group Takes Over Swiss Movement Maker Tanzarella Ltd.

Swatch Group announced today that it will take over Swiss-based watch movement maker Tanzarella Ltd. The takeover, effective July 12, will be achieved by transferring Tanzarella assets to a newly-founded Swatch Group company called Assemti Ltd. The new company will operate from Tanzarella’s present location in Riazzino / Locarno. The Swatch Group Ltd. will acquire...

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Jul 5, 2010 by WatchTime

Nayla Hayek Named Swatch Group Chairwoman

Nayla Hayek has been named chairwoman of the Swatch Group Ltd., succeeding her father, Nicolas G. Hayek, who died of heart failure at Swatch Group headquarters in Bienne, Switzerland on June 28. She was elected by a unanimous vote of the board of directors on June 30. Previously, she was vice-chairman of the board.

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Jul 2, 2010 by Joe Thompson

Switzerland Mourns Its Watch “Messiah”

Switzerland has responded to the sudden death of Swatch Group Chairman Nicolas G. Hayek on June 28 with a rare outpouring of grief, praise, and appreciation. Hayek, 82, was born in Beirut, Lebanon, but grew up in Switzerland and spent his entire professional life there. Hayek has been a prominent public figure in the country...

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Jul 1, 2010 by Joe Thompson

Swatch Group Chairman Nicolas G. Hayek Dies at Age 82

Swatch Group AG founder and chairman Nicolas Hayek died unexpectedly from heart failure at his office earlier today. He was 82. Hayek, a colorful entrepreneur and one of Switzerland’s leading businessmen, was credited with saving the Swiss watch industry.

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Jun 28, 2010 by WatchTime

Ulysse Nardin, Audemars Piguet Raise Eurozone Prices as Sales Rebound

Reuters correspondent Silke Koltrowitz interviewed Ulysee Nardin President and CEO Rolf Schnyder and Audemars Piguet CEO Philippe Merk at the Global Luxury Summit in Paris earlier this month. Both men said their sales are increasing, and each has raised Eurozone prices as the Swiss franc strengthens against the euro. The franc has risen about 4.6...

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Jun 21, 2010 by WatchTime

The Good, the Bad, and the Ugly: Watch Company Financial Results for 2009

For the most part, the Great Recession of 2009 pretty much mugged corporate sales and profits. In the watch sector, for example, the Bulgari and Movado groups reported red ink for the year. But there were exceptions to the battered sales and profits syndrome. Fossil, for one, had its most profitable year ever. Here’s a...

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Apr 11, 2010 by Joe Thompson

Omega Supports Solar Powered Flight

Solar Impulse is a prototype aircraft powered by the Sun, and on a clear April day over the Swiss town of Payerne, it took its first serious test flight. Seven years in the making, the goal of the venture is to demonstrate that it is possible to fly around the world using only solar power....

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Apr 9, 2010 by WatchTime

UTS Watches Launches Two New Diver 1000 v2 Models

Munich-based UTS Watches announces the launch of two handsome new Diver 1000 v2 models. The first is a GMT which uses a top grade ETA 2893-2 movement regulated in 5 positions, with Glucydor balance wheel and Incabloc shock protection. This model displays local time plus a second time zone via a GMT hand that completes...

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Mar 29, 2010 by WatchTime

Swatch Group Enjoys Rebound in Second Half of 2009

Swatch Group struck a positive tone in its 2009 financial report as results for the second half of the year were much stronger than the first half, when watch sales were down 16.4%. Watch sales finished the year down 5.5% at a constant rate, largely outperforming Swiss Watch Federation export sales figures for the same...

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Jan 28, 2010 by WatchTime

Swatch Group Chairman Wants to Stop Deliveries to Competitors

Reuters is reporting that in a recent interview published in the Swiss daily l’agefi, Swatch Group Chairman Nicolas Hayek said the group plans to stop selling watch parts to other brands. Swatch Group supplies movements and crucial components to many brands through its ETA unit. “We no longer intend to produce or deliver to third-party...

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Dec 29, 2009 by WatchTime

TIME TEST: The Year in Watches

For those who may have missed it, this was our featured article last week, and it was so popular, we’ve carried it over. Say goodbye to 2009 with this WIS quiz on some of the year’s top stories. To see how you did, or to ensure a perfect score, scroll down to the bottom of...

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Dec 20, 2009 by Norma Buchanan

Swatch Group Sales Beat Industry Averages

Swatch Group AG’s half-year 2009 financial report sent the company’s shares higher on the strength of sales that outperformed industry averages and an indication that “signs of recovery” are at hand. For the first half of 2009, gross sales for the watch segment fell 16.4% to CHF 1,960 million, compared with export figures for the...

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Aug 19, 2009 by WatchTime

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