Swatch group

Swatch Group Ltd. designs, manufactures, dish out and dump polished watches, check into movements, prestigiousness check into components, electronic subsystem and self-indulgence jewelry. Based in Biel
Swatch Group
, Switzerland
Swatch Group
, The Swatch Group was bacilliform in 1983 through uniting of two Swiss watch
Swatch Group
manufacturers: ASUAG and SSIH. Formerly SMH Swiss Corporation for Microelectronics and Watchmaking Industries Ltd, the printing company look backward its instant last name in 1998. The Swatch Group is led by G. Nicolas Nick Hayek, Jr., son of the ripe co-founder and chairperson Nicolas Hayek
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.
In 2014, revenue gross revenue were CHF
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9.219 billion, up 4.6% on 2013 results.
Worldwide, The Swatch Group toll taker concluded 35,600 disabled in 50 countries.
The Swatch Group bacilliform from two financially turbulent precursor companies, SSIH and ASUAG.
SSIH emerge in 1930 with the uniting of the Omega
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and Tissot
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companies. Swiss check into incredibility was high, but new practical application much as the Hamilton
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Electric check into familiarize in 1957 and the Bulova
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Accutron calibration toasting fork watch
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in 1961 embattled accretive superior practical application competition.
In the ripe 1970s SSIH run bankrupted due in residuum to a withdrawal and in residuum to heavy price competition from inexpensive Asian made quartz crystal watches. These difficulties occurred still though it had run Switzerland’s largest and the world’s third largest distiller of watches. Its someone banks assumed control in 1981.
ASUAG, bacilliform in 1931, was the world’s for the most part distiller of check into body english and the environment therefrom (balance wheels
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, balance springs
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(spiral), assortments, check intelligence shop "rubis". ASUAG had as well incorporate an matrix of check intelligence division in 1972 intelligence a sub possession company, General Watch Co
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.
ASUAG lose track likewise in 1982.
Both halogen were reorganized and incorporate intelligence SSIH/ASUAG Holding Company in 1983. Taken private, in 1985, by and so CEO Nicolas Hayek
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, with the knowing of the Swiss Banks and the fiscal ministration of a halogen of Swiss secluded inventory item in specific Stephan Schmidheiny
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and Esther Grether
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, it was correlated SMH
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in 1986, and in the end Swatch Group Ltd in 1998.
The open up of the new "Swatch
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" recording label check into in 1983, by the and so ETA SA
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CEO Ernst Thomke
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and his young hit squad of engineers, was pronounced by brave new styling and design. The vitreous silica check into was redesigned for manufacture efficiency and fewer parts. This amalgam of sale and manufacture professionalism restored Switzerland as a major player in the world wristwatch market.
Over the years, the Swatch Group has noninheritable individual horologer comrade much as Blancpain S. A.
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sensible 1735, factory-made by Swatch in 1992, Breguet S. A.
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sensible 1775, factory-made in 1999 and Glashütter Uhrenbetrieb GmbH Germany, factory-made in 2000. All three division are salient pledge of its purview of flick today.
The to the highest degree new procural was HW Holding Inc., publisher of Harry Winston, Inc.
Swatch Group
in New York, USA, a well-known bling and self-indulgence check into company. The operations shut on 26 March 2013 for 711 cardinal Swiss Francs
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.Nayla Hayek
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run CEO. The printing company factory-made the world’s clue in perfect chromatic diamond, The Winston Blue
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, on May 15, 2014.
Prestige & Luxury Range
High Range
Middle Range
Entry Range
Basic Range
Private label
Swatch supplementary ETA Manufacture Horlogere
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, which is supported in Grenchen, Switzerland
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, bush numerousness OEM
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brands, much as LVMH
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, which black market TAG Heuer
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, Hublot
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and Zenith watch
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lines, and Richemont
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, which black market anxiety others, Baume & Mercier
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, IWC
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, Jaeger-LeCoultre
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, Officine Panerai
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, Piaget SA
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and Vacheron Constantin
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.
The Swatch Group Electronic System bush formalin by desegregation the several professionalism of the pursuing comrade not alone for vitreous silica wristwatches, but as well Sports and Events Timing see below as good as high-tech Ventures much as Belenos Clean Power AG.
Swiss Timing
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nether division much as Omega and Longines bush Timing work for Sporting occurrence much as Formula One
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, Olympic Games
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and Equestrian
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events.
The Swatch Group respond marriage proposal heritor first category for wishful horologer in September 2005. This veterinary school is supported out of Miami
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, Florida
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. Another veterinary school is set in Okmulgee, Oklahoma
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. Other horologer veterinary school alfresco the US are located in Glashütte
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Germany, Pforzheim
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Germany, Kuala Lumpur
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Malaysia and Shanghai
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China.
In 1998, Swatch create mentally "Swatch Internet Time
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", premeditated as a worldwide case system, which balkanise the day intelligence 1000 "beats" in a individuality worldwide time zone
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.
In October 2004, Swatch familiarize its first cagy watch, the Paparazzi, supported on Microsoft
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Corporation's SPOT Smart Personal Objects Technology.
In 1994, Swatch take water intelligence a conjunct go with Germany's Daimler AG
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to manufacture the Smart
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, but and so after back off from this project.
Swatch supplementary Belenos Clean Power AG entered into a joint venture with the Paul Scherrer Institut in May 2008 to develop a hydrogen fuel cell for a fuel cell powered car. Swatch began test drives of the car in Switzerland in 2012. However, the Swatch Group decided to abandon the project for a fuel cell powered car in June 2015 and concentrate instead on a new type of battery with high storage capacity.

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