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The company was founded in 1983 through the merger of ASUAG and SSIH, moving to manufacturing quartz-crystal watches to resolve the quartz crisis threatening the traditional Swiss watchmaking industry. [2] [3] [4] The Swatch Group is the largest watch company in the world and employs about 31,000 people in 50 countries. [5]
On Monday, Harry Winston Diamond Corp. announced it has entered into an agreement to sell its luxury diamond jewelry and timepiece division to Swatch for $750 million. Additionally, Swatch will ...
Hayek joined the board of The Swatch Group in 1995 and became its chair in 2010, after her father's death. [1] Hayek became the CEO of Harry Winston, Inc. in May 2013, a few months after The Swatch Group acquired the company. [3] The company bought the world's largest flawless blue diamond The Winston Blue in May 2014. [4]
In 2008, Richemont spun off all of its non-luxury goods businesses, principally Richemont's stake in British American Tobacco, into a newly formed, separately traded holding company, Reinet Investments S.C.A. [36] [37] [38] In 2018, Richemont sold Lancel to the Italian leather goods company Piquadro Group. [39]
Swatch is a Swiss watch company founded in 1983 by Ernst Thomke, Elmar Mock, and Jacques Müller. It is a subsidiary of The Swatch Group.The Swatch product line was developed as a response to the "quartz crisis" of the 1970s and 1980s, in which inexpensive, battery-powered, quartz-regulated watches were competing against more established European watchmakers focused on artisanal craftsmanship ...
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The company also got a new CEO, Frederic de Narp, formerly of the Cartier North America. He succeeded Tom O'Neill. [20] On January 14, 2013, Harry Winston, Inc. announced that it has entered into an agreement to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to the Swiss Swatch Group. [3]
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