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The Swatch Group Ltd. acquires Groupe Horloger Breguet from Investcorp S.A.

The Swatch Group Ltd. acquires Groupe Horloger Breguet from Investcorp S.A.

Biel / Bienne (Switzerland), September 14, 1999 - Investcorp S.A. and The Swatch Group Ltd. have reached an agreement whereby all shares of the Groupe Horloger Breguet will be taken over by the Swatch Group. Breguet whose origins date back to 1775, is one of the oldest timepiece manufacturers in the world. It produces high quality hand-assembled…

The Swatch Group sells its smart participation to Daimler-Benz

The Swatch Group sells its smart participation to Daimler-Benz

Biel / Bienne (Switzerland), November 4, 1998 – Daimler-Benz AG (Germany) takes over the 19% shareholding of Micro Compact Car (MCC), the producer of the smart car, from the Swatch Group, Biel (Switzerland). The transfer is effective as of October 31, 1998. MCC is henceforth a 100% subsidiary of Daimler-Benz AG. After the successful introduction…

New Members on the Board Of Directors - Name Change Accepted

New Members on the Board Of Directors - Name Change Accepted

Biel / Bienne (Switzerland), June 24, 1998 - At today`s General Assembly of the SMH shareholders, the 1997 balance sheet with a turnover of Sfr. 3,053 billion and a net income of Sfr. 332 million has been approved. From the net income of Sfr. 270 million of the Holding balance sheet, a dividend of 20% (18% in 1997) of the share-capital will be…

New Members on the Board of Directors

New Members on the Board of Directors

Biel / Bienne, April 14, 1998 - At its meeting of April 1, 1998, Board of Directors of The SWATCH GROUP has taken the following decisions: During the next meeting of The SWATCH GROUP shareholders, the Board of Directors will propose to its shareholders to complete the Board with Jean-Pascal Delamuraz (62), former Minister of Economy and former…

Higher dividends - New group name - New Swatch responsible

Higher dividends - New group name - New Swatch responsible

Biel / Bienne (Switzerland), 19 February 1998 - At yesterday`s meeting, the Board of Directors of the SWATCH GROUP Ltd, Biel (Switzerland) was duly notified of the provisional 1997 results for the SWATCH GROUP. 1. The group`s operations have developed as follows: Net income (+ 17%) was unable to match the rise in operating profit (+53,6%) for…