Archive
Unique collection of Swatch watches sold
Unique collection of Swatch watches sold for astonishing HK$ 51’707’500 (CHF 6’049’800) Hong Kong, China and Biel / Bienne, Switzerland, November 24, 2011 – Unique collection of Swatch watches sold to a very important mainland Chinese collector for astonishing HK$ 51’707’500 (CHF 6’049’800) in sensational Hong Kong auction. Something…
Russian Court Supports Longines
Russian Court Supports Longines in a Trial Related to Parallel Import In a 14 November 2011 decision, the Arbitrazh Court of Saint Petersburg found the large Russian Internet watch store bestwatch.ru guilty of violating the exclusive trademark rights of Longines Watch Co. Francillon Ltd. in relation to the sale of parallel-imported goods. The…
The Swatch Art Peace Hotel
Opening of the Swatch Art Peace Hotel – Shanghai November 1, 2011. Swatch Group is pleased to announce that today the Swatch Art Peace Hotel was officially opened in Shanghai. Numerous officials representing Shanghai government authorities were on hand for the occasion, as was Mr. Nick Hayek, who welcomed his guests, Swatch Group Management, and…
End of Partnership with Tiffany & Co.
Swatch Group terminates partnership with Tiffany & Co. New York for material breach of contract Today Swatch Group terminated its cooperation contracts with Tiffany & Co. This action became necessary following Tiffany & Co’s systematic efforts to block and delay development of the business. Within the framework of the long-term…
Universo acquires the Energizer site in La Chaux-de-Fonds
Swatch Group: Universo Ltd. acquires the Energizer Ltd. site in La Chaux-de-Fonds – Swatch Group employs some 40 former employees of Energizer Ltd Biel / Bienne (Switzerland), August 16, 2011 – Universo Ltd., a company of The Swatch Group Ltd., and Energizer Ltd., both in La Chaux-de-Fonds (Switzerland) signed a contract on August 10, 2011, for…
Half-Year Report 2011
Swatch Group: Again with record sales and profit Sales in the Watches & Jewelry segment, despite capacity bottlenecks, grew a strong +27.4% at constant rates or +13.3% at current rates, to CHF 2 913 million. Gross sales for the Group of CHF 3 362 million exceed the record half year 2010 by +24.2% at constant rates and +11.4% at current rates1…