Tag Archive: Nick Hayek

Swatch offers compromise in watch movements deadlock

2020-01-06

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2020-01-06

Switzerland’s largest watch maker, Swatch, says it will limit the number of movements it makes for the industry in a bid to end a long-running stand-off with the anti-trust regulator. At the end of last year, the Competition Commission (Comco) temporarily suspended deliveries of watch movements from Swatch’s ETA unit to big rivals from January 1, 2020.

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CEO of Baselworld steps down

2018-08-05

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2018-08-05

The head of the world’s largest watch and jewellery trade show, the Swiss-based Baselworld, has handed in his resignation amid a row over the departure of several exhibitors. The MCH Group announced that CEO Peter Kamm would resign from his position “in view of the fundamental transformation phase in business operations”.

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Swatch Group withdraws from Baselworld

2018-07-31

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2018-07-31

With the departure of its largest exhibitor from 2019, it’s yet another setback for the world’s largest watch and jewellery trade show, which has seen participation dwindle in recent years.

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Swiss Watchmaker Optimistic about Business Prospects

2017-11-23

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2017-11-23

The chief executive of the Swatch Group, a leading Swiss manufacturer of watches and jewelry, is upbeat about business prospects for the coming year. Nick Hayek says the Swatch Groupexternal link hopes to reach the ambitious target of a 7%-9% increase in sales this year.

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Stories making the Swiss Sunday papers

2017-11-20

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2017-11-20

Good news from the Swiss watchmaking industry, plans to ban under-18s from solariums because of health risks and a warning that the Swiss railway system could face chaos in December. The Swiss watchmaking industry has made a turnaround following a three-year dip. Nick Hayek, CEO of the Swatch Group, told the NZZ am Sonntag newspaper that his company recorded a massive increase in turnover over the past two months, resulting even in production...

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Switzerland’s currency: Shaken, not stirred

2015-01-22

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2015-01-22

Switzerland currency
SWISS voters used to hold their central bank in high esteem: one survey in 2013 found the Swiss National Bank (SNB) to be their most respected national institution. That may change after its shock decision on January 15th to abandon the Swiss franc’s cap against the euro. The franc instantly shot up by 30%, provoking howls of anguish from Swiss firms.

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