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Swatch is worth watching. The Swatch Group (formerly Société Suisse de Microélectronique & d'Horlogerie) is the world's second-largest watchmaker (after Citizen Watch). Its 19 watch brands range from low-priced, collectible Swatch and Flik Flak to premium-priced Blancpain, Brequet, and Omega brands. Swatch watches are sold at some 15,000 retailers worldwide, plus at more than 500 Swatch stores, more than 1,000 shop-in-shops, and some 140 kiosks. The company supplies nearly all the components for its own watches and is a supplier to other watchmakers. Its Dress Your Body subsidiary designs and makes jewelry for the Swatch Group brands. Chairman Nicolas Hayek's family controls about 39% of The Swatch Group.
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| | | Contact Information | |
Address: |
Seevorstadt 6
CH-2501 Biel, Bern, Switzerland
| | Phone: | +41-32-343-68-11 | | Fax: | +41-32-343-69-11 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 5375.00 M | | Revenue Growth (1 yr): | 7.30% | | Employees (2008): | 23,000 | | Employee Growth (1 yr): | (-2.40%) |
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Key People
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Chairman:
H. C. Nicolas G. Hayek Sr.
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President:
Nicolas G. (Nick) Hayek Jr.
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CFO and Executive Management Board, Controlling and Finance,:
Edgar Geiser
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