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The Swatch Group is the largest watch company in the world and employs about 31,000 people in 50 countries. [5] The group owns the Swatch product line and other luxury brands, including Blancpain, Breguet, Certina, ETA, Glashütte Original, Hamilton, Harry Winston, Longines, Mido, Omega, Rado, and Tissot. [6] [7]
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 ...
It also holds an ownership interest in American Eagle Outfitters, Wehmeyer in Germany, Cold Stone Creamery, The Mazel Company, Gidding-Jenny, [3] Shiffren Willens jewelry stores, and Sara Fredericks boutiques. [4] Schottenstein had operated the chain of Value City discount department stores.
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 ...
ETA designs and manufactures mechanical and automatic watches, watch movements and watch ébauches.Although the company produces finished watches and movements, ETA specializes in the production of ébauche movements used both in watches of sister Swatch Group subsidiary brands and in the watches of competitors, including brands owned by Compagnie Financière Richemont S.A. and others.
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The Swatch Group AG (SWX:UHR) trades with a trailing P/E of 34.9x, which is lower than the industry average of 35.8x. While UHR might seem like an attractive stock toRead More...
In January 2024, Farfetch was acquired by Korean e-commerce company Coupang, [14] and delisted, [15] which ended Richemont's planned sale of the YNAP majority stake. [16] [17] In 2018, Jérôme Lambert was named CEO of Richemont Group. [18] The compensation of the Richemont group's executives increased by an average of 14% in 2018. [19]