Archive
Swatch Group: Fire at ETA in Grenchen put out
Biel / Bienne – Grenchen (Switzerland), 29 December 2013 Today Sunday at around 8:45 A.M. a fire broke out in the galvanic department of the main building of ETA Manufacture Horlogère in Grenchen. While the workshop has been entirely destroyed, nobody was harmed. There was no activity in the workshop at the moment of the incident. Thanks to the…
Swatch Group vs Tiffany & Co.
Decision in favor of Swatch Group The NAI Netherlands Arbitration Institute passed judgement in the lawsuit Swatch Group vs Tiffany & Co.: Tiffany & Co. is sentenced to pay Swatch Group damages totalling CHF 402 million. The counter-claim of Tiffany & Co. is integrally dismissed. In September 2011, Swatch Group had terminated…
Swatch SISTEM51
Swatch SISTEM51 turns the world upside down – the front tells the time, the back tells the story Thirty years ago Swatch introduced a simplified, Swiss made quartz wristwatch with only 51 parts. The world’s first plastic watch was made not by hand in the traditional Swiss manner, but on a fully automated assembly line. The small number of parts…
Swatch Group: Majority holding in Rivoli Dubai
Technocorp Holding Ltd., a Swatch Group company, is increasing its stake in Dubai-based company Rivoli Investments LLC by purchasing a tranche of shares and is thus taking control of Rivoli Investments LLC. Swatch Group previously held a 40% equity interest in Rivoli Investments LLC through its Technocorp subsidiary. Rivoli operates a network of…
Breguet acquires 3 new antique watches including the prestigious Breguet no. 4691
The Breguet Museum and its President, Marc A. Hayek, have acquired 3 exceptional Breguet watches that made their mark on Fine Watchmaking history, for a price of nearly 1,5 million Swiss francs. Among the purchased lots, an extremely rare, highly complicated pocket watch, the Breguet no°4691. Bought at Christie’s and Sotheby’s auctions in Geneva,…
The Omega Speedmaster in black ceramic
«The Dark Side of the Moon» Emblematic of Omega’s bold style, forward-thinking innovation and adventurous spirit, this all-black Omega Speedmaster represents a sleek and sporty new addition to the popular collection. The black zirconium oxide ceramic dial, complemented by a matching ceramic 44.25 mm case with a brushed and polished ceramic…