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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]
In 2000, Ronald, along with new business partner, Fenway Partners, bought Bruce out from the company for $54.1 million. [18] In 2010–2011, the company's sales were €246 million in total sales and €36 million in watches. [19] The company also got a new CEO, Frederic de Narp, formerly of the Cartier North America. He succeeded Tom O'Neill. [20]
Harry Winston Diamond Corp. (NYSE: HWD) announced this morning that it has agreed to sell its luxury brand diamond jewelry and watch division, Harry Winston Inc., to Swiss-based The Swatch Group ...
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 ...
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 ...
At constant currency rates, revenues were up 29.6 percent, the Swiss company said, although they remained significantly below pre-pandem Swatch Group Sales Bound 30.7% on 2020 Skip to main content
The company set up production at Le Brassus, in the Joux Valley, and from then on traded under the name of Blancpain SA. In 1992, the SSIH purchased Blancpain back for 60 million Swiss Francs. At that time, Blancpain had annual sales of 50 million Swiss Francs. Jean-Claude Biver remained as CEO of Blancpain until 2002.
PARIS — Watch sales are bouncing back in the U.S., according to executives at Swatch Group as well as the latest Swiss watch export statistics, released Thursday. “The recovery in the U.S. is ...