×
71 766
Fashion Jobs
MACY'S
Asset Protection Detective, Menlo Park - Full Time
Permanent · Edison
MACY'S
Manager, Merchandise Execution
Permanent · East Wenatchee
JCPENNEY CAREERS 2018
Product Manager - Customer Service Application & Associate Fulfillment Tools
Permanent · Plano
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Shafter
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Brookshire
ROSS STORES
Purchasing Supervisor
Permanent · Dublin
ROSS STORES
Store Protection Specialist
Permanent · Holmes
ROSS STORES
Store Protection Specialist
Permanent · Medford
ROSS STORES
District Manager
Permanent · Bakersfield
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · San Leandro
UNIQLO
Human Resources Coordinator - Emeryville, ca
Permanent · Emeryville
UNIQLO
Loss Prevention Supervisor- Westfield Valley Fair Mall
Permanent · Santa Clara
UNIQLO
Loss Prevention Agent (Full-Time) - Santa Monica Place
Permanent · Santa Monica
UNIQLO
Soho- Loss Prevention Agent
Permanent · New York
UNIQLO
Loss Prevention Agent (Full-Time) - Willowbrook Mall
Permanent · Wayne
UNIQLO
Visual Merchandising Manager- Great Mall, Milpitas ca
Permanent · Milpitas
UNIQLO
Loss Prevention Agent (Full-Time) - The Bloc
Permanent · Los Angeles
UNIQLO
Loss Prevention Manager
Permanent · New York
UNIQLO
Loss Prevention Agent (Full-Time) - Atlantic Terminal
Permanent · New York
UNIQLO
Loss Prevention Supervisor
Permanent · New York
UNIQLO
Loss Prevention Supervisor- Bay Street
Permanent · Emeryville
UNIQLO
Uniqlo Loss Prevention Agent- Chestnut Street
Permanent · Philadelphia
Published
Apr 1, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Swatch buys its South African distributor

Published
Apr 1, 2009

Against the backdrop of the tradeshow Baselworld, which will end on April 2, the global leader in horology has announced the purchase of its South African distributor Swiss Precision Ltd. The exact cost of the transaction is yet to be made public.


From left to right, top to bottom: Swatch, ck watch, Tissot

Founded in 2003 by the Moss family, in partnership with the Swiss business which provided 10% of the capital, Swiss Precision Ltd distributes watches for the group in South Africa through nine boutiques. This network will be taken over by Swatch and will allow the group to reinforce its presence in the region.

Though Swatch has seen a fall in its finances in 2008 - net profit was 838 million Swiss francs (€550 million), down 17.4% on the 1,015 million Swiss francs in 2007 – it has not been prevented from making investments in relevant areas. Nick Hayek, director general of the group, announced a few days ago the publication of the group’s accounts and that there would not be “redundancies nor a decline in investments by Swatch. We accept that our profits have dropped and that we’re not the darling of the stock exchange”.


Montre Breguet

With 19 brands in its portfolio, which assures the group is present across the entire spectrum of prices, the group is galvanizing itself to face the crisis. Indicative of this is the entry of the Swatch brands, such as Bréguet, Blancpain and Jaquet Droz, into the luxury market. The group affirms that their response to the current economic situation to have “diversity in our portfolio of brands, innovative technical strategy, efficient production and a minimum of debt”.

By Jonathan Fulwell (Source: Emilie-Alice Fabrizi)

Copyright © 2022 FashionNetwork.com All rights reserved.