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Hayek

January 19, 2011

The world’s largest watchmaker, the Swatch Group, announced on 19 January that its sales reached a record $6.7 billion for 2010, and is upbeat about the year ahead.

The world's largest watchmaker, the Swatch Group, announced on 19 January that its sales reached a record $6.7 billion for 2010, and is upbeat about the year ahead.

The Geneva-based group announced a year-on-year 19% rise in sales, with its watches achieving an "excellent performance" in all markets and price segments. Apart from Swatch watches, the group also makes luxury timepieces like Breguet, Blancpain, Rado and Omega.  

The group said that it was optimistic about 2011, on the back of strong December sales, which were up 21% year-on-year.
 

July 7, 2010

Hublot CEO Jean-Claude Biver has bought and sold some of the world’s most famous watch brands, but says he has no plans to put his time and effort into succession planning, writes Margie Goldsmith.

Hublot CEO Jean-Claude Biver has bought and sold some of the world's most famous watch brands, but says he has no plans to put his time and effort into succession planning, writes Margie Goldsmith.

The death last week of family-controlled Swatch Group founder Nicolas G Hayek saddened Biver, who knew him from his time as a board member of Swatch from 1992 to 2003.

July 5, 2010

Nayla Hayek has succeeded her father Nicolas Hayek, chairman of the Swatch Group, following his death last week. The appointment of Nayla, 59, as chairwoman of the Board of Directors caps a meteoric rise following her promotion to the position of vice-president in May 2010.

Nayla Hayek has succeeded her father Nicolas Hayek, chairman of the Swatch Group, following his death last week. (Continue reading here)

The appointment of Nayla, 59, as chairwoman of the board of directors caps a meteoric rise following her promotion to the position of vice-president in May 2010.

June 29, 2010

Nicolas G Hayek, co-founder, chairman and delegate of the board of directors of the Swatch Group, has died aged 82.

Nicolas G Hayek, co-founder, chairman and delegate of the board of directors of the Swatch Group, has died aged 82. A statement said he had passed away "unexpectedly … due to heart failure during work at his beloved Swatch Group."

The Lebanese-born entrepreneur and former engineering consultant made his name after receiving an assignment to develop a strategy for the future of two Swiss watch companies in the early 1980s.

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