Swatch Group acquires dial producer MOM Le Prélet SA
Mr. Olivier Schwab, current main shareholder and General Manager will continue to head operations of the new Swatch Group company which employs some 125 persons, thus ensuring the supply to all its present clients within and outside the Swatch Group.
Béatrice Howald, Head of Media Relations, Spokesperson
The Swatch Group Ltd.
Seevorstadt 6, 2501 Biel/Bienne
Tel +41 32 343 68 33, Fax +41 32 343 69 22
Swatch Group now controls the entire gold processing chain internally. Its own foundry, which has just been granted a Responsible Jewellery Council (RJC) Code of Practices (COP) certificate, is now able to manage all of the gold requirements within the Group. Swatch Group has thus taken a new step forward in traceability. Nivarox, a subsidiary of Swatch…
Mr. Thomas Meier has been a representative of Glashütte Original within the Extended Group Management Board. With the transfer of the management of Glashütte Original now completed, Mr. Meier will step down from the Extended Group Management Board as well. Mr. Meier will return to Swatch Group Switzerland at the end of August, where he will carry out…
Record half-year sales in the history of the Swatch Group. Group net sales increased by 14.7% to CHF 4 266 million at current exchange rates, respectively by 12.6% at constant rates. Operating result increases 69.5% to CHF 629 million. Operating margin improved from 10.0% in the previous year to 14.7%. Net income increases by 66.5% to CHF 468 million,…