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The Swatch Group

The Swatch Group
Company nameThe Swatch Group Ltd.
Company typePublicly traded limited company
IndustryLuxury goods, accessories
Founder(s)Nicolas Hayek
HeadquartersBiel, Switzerland
Key peopleNayla Hayek (Chairman), Nick Hayek, Jr. (CEO)
ProductsWatches, jewellery, electronic systems for timekeeping
RevenueCHF 6.108 billion (2010)
Operating incomeCHF 1.436 billion (2010)
Net incomeCHF 1.074 billion (2010)
Total assetsCHF 8.614 billion (end 2010)
Total equityCHF 7.101 billion (end 2010)
Employees24,240 (average, 2010)

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The Swatch Group Ltd. is a Swiss company and watch manufacturer. It was formed in 1983 through the merging of the two Swiss watch manufacturers ASUAG and SSIH, and took its present name in 1998 (formerly SMH Swiss Corporation for Microelectronics and Watchmaking Industries Ltd). The company is led by G. Nicolas (Nick) Hayek, Jr., son of the late co-founder and chairman Nicolas Hayek.

In 2007, gross sales were 5.94 billion CHF. The Swatch Group has around 23,600 employees.

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