Warren Buffett’s oft-repeated mantra is “I only invest in what I understand”. If you are a watch collector or simply interested in watches (and if you are reading this, you probably are), you probably have a better understanding of the historical and technical aspects of watchmaking than anyone – even Warren Buffett.
The Swiss press is reporting that the tug of war between Swatch Group and Comco is now back on the table – and could result in dire consequences for the entire industry as soon as 2020, when ETA may stop delivering movements to outside brands. Get the story here.
What would a corporate acquisition of Richemont or Swatch Group look like? What players might be involved? How could this affect the watch-buying and collecting community? Chris Malburg sets out his opinion in this must-read article.
Swatch Group and CSEM (Swiss Center for Electronics and Microtechnology) announced on February 5, 2017 that the two entities have collaborated to develop a Swiss made “ecosystem” for “connected objects.”
The Swatch Group released its half-year report for 2016 on July 21. The good news is that the Swatch Group has not laid off or fired even one employee despite the decrease in profit, a strategy that I believe will pay off in the end. Swatch Group CEO Nick Hayek talked to Swiss television about the current situation, and he explains that his mood remains optimistic.