Nicolas Hayek

Nicolas Hayek news, blog posts, updates and other posts about Nicolas Hayek as well as Nicolas Hayek infos.

Time is Money: The 26 Richest Swiss Watch Barons

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Each year the respected Swiss business magazine, Bilan, publishes a list of the 300 richest Swiss with a rough estimate of their fortunes. For this article in WatchTime's November-December issue, on sale now, we examined the 2013 list to see which members of the watch industry made the ranking. Here they are: … [Read more...]

Exclusive: Watch Insider Interviews Swatch Group CEO Nick Hayek, Jr.

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Nick Hayek, Jr., CEO of the Swatch Group, is the conductor of Switzerland's biggest horological orchestra, with 29,600 employees and a turnover in 2012 of 8.143 billion Swiss francs. I invite you to listen to our conversation, taped yesterday at the Swatch Group HQ, and appearing on my blog, Watch-Insider.com. … [Read more...]

Omega Unveils Seamaster 15,000 Gauss, the World’s Most Antimagnetic Watch

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Omega, which pioneered the use of innovative new materials and technologies in watchmaking, has introduced perhaps its most impressive technological accomplishment in recent years, the development of a wristwatch that is resistant to magnetic fields greater than 15,000 gauss, a level far exceeding that of any other watch. … [Read more...]

Comco Opens New Swatch Group Investigation

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The Swiss Competition Commission (Comco) has announced that it is opening an investigation against Swatch Group arising out of the Group's plan to stop supplying mechanical watch movements and components to third parties. Comco said yesterday that the purpose of the investigation is to determine whether Swatch Group's decision is an abuse of its dominant market position and so a violation of the cartel law. … [Read more...]

2010: The Year in Review Quiz, Part I

Have you been following the news for the past 12 months? Say goodbye to 2010 with this quiz that focuses on some of the year’s most (and least) important stories. As always, the answers appear at the end. Good luck! … [Read more...]

Swatch Group First Half Sales and Profits Jump to Record Levels

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Swatch Group's gross sales for the first half of 2010 exceeded SFr.3 billion for the first time ever, topping the 2008 record, and the future looks bright, thanks largely to China and Russia. The Group's Chief Executive Nick Hayek told Reuters "We do not see what could keep us from achieving record sales and profit in 2010," though he added that exchange rates and gold prices present continued risk. … [Read more...]

Swatch Group Takes Over Swiss Movement Maker Tanzarella Ltd.

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Swatch Group announced today that it will take over Swiss-based watch movement maker Tanzarella Ltd. The takeover, effective July 12, will be achieved by transferring Tanzarella assets to a newly-founded Swatch Group company called Assemti Ltd. The new company will operate from Tanzarella's present location in Riazzino / Locarno. The Swatch Group Ltd. will acquire the Tanzarella's building from Credit Suisse. … [Read more...]

Nayla Hayek Named Swatch Group Chairwoman

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Nayla Hayek has been named chairwoman of the Swatch Group Ltd., succeeding her father, Nicolas G. Hayek, who died of heart failure at Swatch Group headquarters in Bienne, Switzerland on June 28. She was elected by a unanimous vote of the board of directors on June 30. Previously, she was vice-chairman of the board. … [Read more...]

Switzerland Mourns Its Watch “Messiah”

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Switzerland has responded to the sudden death of Swatch Group Chairman Nicolas G. Hayek on June 28 with a rare outpouring of grief, praise, and appreciation. Hayek, 82, was born in Beirut, Lebanon, but grew up in Switzerland and spent his entire professional life there. Hayek has been a prominent public figure in the country for four decades and one of the country’s most famous and, ultimately, beloved figures. … [Read more...]

Swatch Group Chairman Nicolas G. Hayek Dies at Age 82

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Swatch Group AG founder and chairman Nicolas Hayek died unexpectedly from heart failure at his office earlier today. He was 82. Hayek, a colorful entrepreneur and one of Switzerland's leading businessmen, was credited with saving the Swiss watch industry. … [Read more...]

Breguet Manuscript Brings Over $2 Million at Patrizzi Auction

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Patrizzi & Co. sold a manuscript by Abraham-Louis Breguet for a record 2.3 million Swiss Francs (approx. $2,078,000) on Friday, May 7, in Geneva. Nicolas G. Hayek, president and CEO of Montres Breguet S.A. purchased the 354-page document on behalf of the Breguet Museum in Paris. Dictated by Breguet to his assistant over the last five years of his life, it is one of the most important horological documents in existence with in-depth explanations and drawings of Breguet's many innovations and … [Read more...]

Swatch Group Chairman Wants to Stop Deliveries to Competitors

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Reuters is reporting that in a recent interview published in the Swiss daily l'agefi, Swatch Group Chairman Nicolas Hayek said the group plans to stop selling watch parts to other brands. Swatch Group supplies movements and crucial components to many brands through its ETA unit. "We no longer intend to produce or deliver to third-party watchmakers," Hayek was quoted as saying. … [Read more...]

Omega President Stephen Urquhart: The WatchTime Interview

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With its marketing blitz for the 40th anniversary Moon Watch, the opening of its own boutique on New York’s fashionable Fifth Avenue, and the long-term renewal of its official Olympic timing deal, 2009 has been a big year for Swiss-watch powerhouse Omega. WatchTime recently conducted an exclusive interview with the brand’s president, Stephen Urquhart, in the New York boutique, shortly after the Olympics announcement, to discuss that and a variety of other topics of interest to watch … [Read more...]

Omega to be Official Olympic Timekeeper Through 2020

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Omega has signed an agreement with the IOC to be the official timekeeper for the Olympic Games through 2020. The signing ceremony and announcement took place at the Olympic Museum in Lausanne, Switzerland. Omega's relationship with the Olympics dates to the 1932 Los Angeles games, where they became the first company entrusted with the official timekeeping for all events. … [Read more...]

Breguet Marie-Antoinette No. 1160 Coming to LA and NYC

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Breguet No. 160 generated two of the greatest mysteries in watchmaking: who ordered it, and who stole it? Commissioned by an unknown admirer of Marie-Antoinette in 1783 as a gift for the queen, it was not completed until 1827, 34 years after her death. In 1983 it was stolen from a Jerusalem museum in a daring heist. In 2005, Nicolas G. Hayek, President and CEO of Montres Breguet, commissioned the manufacture to exactly recreate No. 160. The result was No. 1160 - a treasure in its own right, and … [Read more...]

Foundation Stone Ceremony for Jaquet Droz

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On September 9, 2009, Nicolas G. Hayek, Chairman of the Swatch Group, Nick Hayek, CEO of the Swatch Group, and Manuel Emch, President of Montres Jaquet Droz, laid the foundation stone of the new Jaquet Droz Manufacture located in the small, green valley of Le Crêt-du-Locle in the Neuchâtel Mountains. … [Read more...]

Breguet at the Louvre: An Apogee of European Watchmaking

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Apogee means culmination or high point. In astronomy, it refers to the point in a heavenly body’s orbit when it is furthest from earth, or, in other words, when it is most out of this world. All of these describe “Breguet at the Louvre,” a retrospective exhibition that runs through September 7. … [Read more...]