Latest news with #NickHayek
Wall Street Journal
a day ago
- Business
- Wall Street Journal
The Battle Over the Future of Swatch: Luxury or Fun?
When American fund manager Steven Wood set his sights on the storied Swiss watchmaker Swatch UHR 0.26%increase; green up pointing triangle Group, he tried a suitably stylish opening gambit. He sent Chief Executive Nick Hayek cigars; a favorite book, 'The Luxury Strategy' by Jean-Noël Kapferer and Vincent Bastien; and a handwritten note laying out opportunities he saw for Swatch's luxury brands to recapture market share.
Bloomberg
19-03-2025
- Business
- Bloomberg
Swatch CEO Says Swiss Watchmaker Needs ‘Time' to Go Private
By Swatch Group AG is looking into a potential take-private of the Swiss watchmaker but it will 'take time,' according to Chief Executive Officer Nick Hayek. 'I have a big hope' the company will find someone to 'help take us private,' Hayek said at a media event Wednesday, in one of his strongest suggestions yet that the maker of Omega watches is considering delisting from the stock exchange. Shares of Swatch rose as much as 4.3% in Zurich.
