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Swatch Group CEO Nick Hayek Jr. recently told the Frankfurter Allgemeine Zeitung that the goal for his company's luxury brand, Omega, is to "equal, and then to surpass Rolex" in sales. Read more.

As a long-term partner of the racing star, OMEGA salutes Michael Schumacher and his incomparable record: �� 1991 - First Formula One Grand Prix victory, in Belgium�� 2006 �C Final Formula One Grand Prix race, in Brazil�� 248 Formula One careeer starts�� 68 pole positions�� 91 victories�� 154 podiums�� 7 Formula One World Drivers Championship titles Omega is delighted to be associated with Michael Schumacher. Since he first joined the brand as an ambassador in 1995, Omega has followed his career on the world's Formula One circuits with interest and growing admiration, as he continued, year after year, to set new records in one of the world's most challenging disciplines. Today, Omega salutes this extraordinary athlete and offers its sincere congratulations on a spectacular career. Always a champion, Michael's performance over the years ensures that present and future generations alike will consider him a legend. As always, Omega is proud to share the champion's values and his determination to seek unparalleled excellence and performance over time. Stephen Urquhart, President of Omega, noted that Michael Schumacher continues to serve as a brand ambassador for Omega, and offered the following comment: "On behalf of Omega I would like to offer my heartfelt congratulations to Michael for everything he has achieved in Formula One. Michael is also a very generous and humane person, always ready to help others whenever possible. We've had the honour and the pleasure of working with him for much of that extraordinary time, and I look forward to continuing a great relationship in the years ahead." The prestige watch manufacturer OMEGA was founded in 1848 and since then has continually set the pace in the many fields of watchmaking: from precision, competitions, sports timekeeping, design awards to watches for professional use in space or underwater, OMEGA identifies with a world of achievements that includes the conquest of space, timekeeping at 22 Olympic Games, numerous precision records and design awards. OMEGA will be Official Timekeeper for the Beijing 2008, Vancouver 2010 and London 2012 Olympic Games.