Swatch Group

Swatch Group news, blog posts, updates and other posts about Swatch Group as well as Swatch Group infos.

The $150, Swiss-Mechanical Swatch Sistem51 Hits the Market

Swatch Sistem51 blue

One highlight of last year’s Baselworld was the introduction of Sistem51, a new mechanical watch from the Swatch brand. Now the first four Sistem51 models have been launched in Switzerland and will come to the U.S. this spring. In this article from WatchTime's March-April 2014 issue, we explore what makes these watches fascinating. … [Read more...]

Audio: Excerpts from WatchTime’s Exclusive Interview with Breguet’s Marc Hayek

Marc Hayek CEO of Breguet

WatchTime's March-April 2014 issue, on sale March 18, features a cover story on Breguet, and its groundbreaking Classique Chronometrie 7727 watch, by editor-in-chief Joe Thompson. The story includes insights from Breguet president and CEO Marc A. Hayek, gleaned from an interview conducted at Breguet's offices in Switzerland's Vallée de Joux. … [Read more...]

Swatch Group & Comco: 10 Key Moments

ETA 2892 movement

As we reported in October, Switzerland’s Competition Commission (Comco) has announced a decision to allow the Swatch Group, Switzerland's dominant producer of mechanical watch movements, to gradually halt sales of those movements to companies outside the group in 2020. Here is a timeline of 10 key moments in the ongoing legal soap opera between Swatch Group and Comco. … [Read more...]

Time is Money: The 26 Richest Swiss Watch Barons

Swatch Group CEO Nick Hayek Jr.

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...]

COMCO: Swatch Group Can Stop Mechanical Movement Sales in 2020

Swatch Group logo

Switzerland’s Competition Commission (COMCO) has approved a plan allowing the Swatch Group to reduce gradually sales of mechanical movements to companies outside the group over the next six years, and to halt sales completely in 2020. Click here for details on the ruling. … [Read more...]

In Surprise Ruling, COMCO Halts Swatch Group Escapement Cuts

Swatch Group logo

Switzerland’s Competition Commission (COMCO) has ruled that it would be “premature” to allow the Swatch Group to reduce supplies of assortments (i.e. the regulating organ of a mechanical movement: escape wheel, pallet lever, balance wheel and balance spring) that it sells to Swiss watch brands outside the group. … [Read more...]

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

Nick_Hayek_CEO-Swatch-Group_150

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...]

Video: Hamilton Pan Europ

ham_europ_165

Inspired by a Hamilton timepiece of the same name originally introduced in 1971, the modern Pan Europ takes a nostalgic look back in time. The year 1971, also the number of pieces in this limited edition, is a significant date in Hamilton’s history. It marks the year the brand joined the Swatch Group, then known as SSIH. Click here for photos of the Hamilton Pan Europ. Click below to start … [Read more...]

Swatch Group Acquires Harry Winston Watch & Jewelry

Harry Winston HQ New York

The Swatch Group has added another jewel — or, more precisely, jeweler — to its crown. The Bienne, Switzerland-based company, which owns watch brands ranging from Swatch to Hamilton to Omega to Breguet, announced Monday that it is acquiring world-renowned jewelry brand Harry Winston, which in recent years has also become a bastion of high watchmaking. … [Read more...]

Swatch President Arlette Emch Announces Retirement

Arlette Emch and Stephen Urquhart

National Jeweler reports that the Swatch Group's Arlette-Elsa Emch, president of the Swatch and CK brands, will retire from her post next month. (Click here for the article.) Emch joined the Swatch Group in 1992 and has managed the Swatch brand since 2009. For the Swatch Group's official corporate bio of Emch, click here. FYI, Arlette Emch is the mother of Manuel Emch, also formerly of Swatch … [Read more...]

Dominique Loiseau on Girard-Perregaux: The WatchTime Q&A

Watchmaker Dominique Loiseau

French-born watchmaker Dominique Loiseau first caught the attention of watch collectors in the 1980s, the great wasteland years of the mechanical watch industry when quartz ruled the watch-world roost. His complex and creative inventions, such the Rose des Temps clock, the Blancpain 1735 wristwatch and the 1f4 models from his own independent atelier, have made him a legend among the collector … [Read more...]

Collection of 4,300+ Swatch Watches Sells for $6,650,000

One of the most complete collections of Swatch watches in the world sold for HK$51,707,500 or nearly $6,650,000 in Hong Kong recently. Swiss businessman Peter Blum and his wife Linda assembled the collection over a period of years. The collection's 4363 pieces includes a large number of prototypes, hybrids and production variants never brought to market. … [Read more...]

Swatch Group Terminates Partnership With Tiffany & Co. Citing Material Breach of Contract

Swatch Group announced today that it has terminated its cooperation contracts with Tiffany & Co. According to Swatch Group, "This action became necessary following Tiffany & Co’s systematic efforts to block and delay development of the business." … [Read more...]

EU Probes Watch Manufacturers Over Parts Supply Policies

European Union (EU) antitrust regulators have announced that they will investigate claims that luxury watch manufacturers are refusing to supply spare parts to independent watchmakers and repairers, a breach of EU competition rules. The European Commission did not identify the companies involved in the probe, however Swatch Group has confirmed that it is one of the targets. … [Read more...]

Comco Opens New Swatch Group Investigation

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 … [Read more...]

Watches Submitted for the 2011 International Chronometry Contest

The 18 watches taking part in the 2011 International Chronometry Contest were submitted on Friday May 20 at the Musée d’horlogerie du Locle – Château des Monts. The watches come from the Jura, from Geneva, from France and the United States. The watches will be subjected to a number of tests over the summer, and the results will be announced on October 20. … [Read more...]

Hamilton Pan Europ

Inspired by a Hamilton timepiece of the same name originally introduced in 1971, the modern Pan Europ takes a nostalgic look back in time. The year 1971, also the number of pieces in this limited edition, is a significant date in Hamilton's history. It marks the year the brand joined the Swatch Group, then known as SSIH. Find wallpaper for this piece inside. … [Read more...]

WatchTime’s June App Now Available

In this issue Joe Thompson profiles Swatch Group CEO Nick Hayek, who is not happy with the current state of watch retailing in America, and he lets us know it. Our Baselworld roundup looks at new watches from the world's largest watch show. We enlist a dive instructor to help us test four diver's watches, and we test new models from Panerai and Seiko. We take a close-up look at Vacheron's new … [Read more...]

18 Entrants Will Compete in the 2011 International Chronometry Contest

Fourteen watchmaking companies and four schools will participate in the 2011 International Chronometry Contest. The winners will be announced on October 20 at Château des Monts – Horological Museum of Le Locle. Find complete details and a list of entrants inside. … [Read more...]

Michael Sarp Named Chairman of the Board at Armin Strom

Former IWC CEO Michael Sarp has been named Chairman of the Board of Directors at the Swiss watch manufacturer Armin Strom AG. His previous activities have included managing various exclusive brand-name companies in the luxury goods market. Sarp also served as Chairman of the Executive Board at the Swatch Group Germany. … [Read more...]