Archive
Invitation Ordinary General Meeting of Shareholders
Invitation To The Swatch Group Ltd Shareholders, The Board of Directors of The Swatch Group Ltd is pleased to invite you, in accordance with Article 12 f of the Statutes, to the Ordinary General Meeting of Shareholders on Wednesday May 16, 2012 at 10:45 a.m. at the Congress House, Rue Centrale 60, Biel / Bienne, Switzerland. This meeting is…
Change in the Executive Management Board
Mr. Roland Streule, member of the Executive Management Board of The Swatch Group Ltd, retired at the end of March 2012. For some time now, Mr. Streule had planned to leave at the age of retirement at the end of March 2012. Mr. Streule was responsible for the Rado brand until 2010. In 2011, he was in charge of the integration and expansion of the…
Tiffany & Co. New York responds to Swatch Group’s claim for damages including lost profits
Following the termination of long-term cooperation agreements with Tiffany & Co., Swatch Group and its affiliate Tiffany Watch Co. Ltd claimed CHF 3.8 billion in damages from Tiffany & Co. at the end of December 2011. Now, Tiffany & Co. responded with a so-called counterclaim of CHF 541.9 million. In December 2007, Swatch Group…
Swatch Group invests in Biel / Bienne
New buildings and a redesigned company site for Swatch und Omega Biel / Bienne, 20 February 2012 – The Swatch Group is planning new buildings for Swatch and Omega and a renovation and redesign of existing buildings at its premises on Rue Jakob Stämpfli in Biel / Bienne. Under the project lead of Hayek Engineering construction is set to begin in…
Swatch Group Executive Management Board
Change in Executive Management Board Biel / Bienne (Switzerland), February 10th 2012 – At its last meeting, the Board of Directors of The Swatch Group Ltd appointed Mr Thierry Kenel member of the Swatch Group Executive Management Board. Mr Kenel was previously member of the Extended Management Board. He took over as Chief Financial Officer when…
Swatch Group: Key Figures 2011
Biel / Bienne (Switzerland), February 7, 2012 Gross sales exceed CHF 7 billion for the first time to CHF 7 143 million, an increase of +21.7% over 2010 at constant exchange rates. More than 2800 new jobs created in 2011 alone. Operating profit of CHF 1 614 million, an increase of +12.4% on 2010. Operating margin increases from 23.5% to a…