Archive
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
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
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
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…