swatch watch ag 2000

The Swatch Group Ltd. acquired with immediate effect 100% of the shares ofthe watch dial manufacturer MOM Le Pre?let SA in Les Geneveys-sur-Coffrane(Switzerland) from the owners, Ms. Monique Giorgis, Messrs. Olivier Schwaband Jean-Marie (Mario) Schwab. Mr. Olivier Schwab, current main shareholderand General Manager will continue to head operations of the new SwatchGroup company which employs some 125 persons, thus ensuring the supply toall its present clients within and outside the Swatch Group.The company was founded in 1895 by Kossuth Calame and his four sons. Theconsiderable know-how acquired during more than a century in themanufacturing of top-quality watch dials will adequately complement thesegment of the Swatch Group production sector.Via Wristwatch Review

The Tourbillon Boutique is a chain of retail stores operated by the Swatch Group that offers its most exclusive watch brands (and Swatch). While most of the shops are located in Switzerland, the US is about to see its second Tourbillon Boutique store, due to open in New York City sometime in May, located in the Financial District on Wall St. Recently, Swatch owned Omega opened up its flagship store on 5th Avenue, and this second new opening indicates a distinct focus on the US market for the Swatch Group watch brands. Until now, the only Tourbillon store in the US was located in Costa Mesa, just south of Los Angeles. The purpose of the store is to house the most luxurious brands and timepieces that the Swatch Group offers. This includes Breguet, Jaquet Droz, Blancpain, Glashutte Original, Leon Hatot, Omega, and Swatch (though I am not sure how the Swatch branded watches fit in as they are mainstream as opposed to luxury watches for the most part). The Tourbillon Boutique stores are not limited to watches with the expensive and complex tourbillon complications, but any of the firm's best timepiece offerings. Questions arise as to why the Swatch Group is currently expanding during difficult economic times. My guess is that the US market has more promise in terms of expansion than Europe, while at the same time the Swatch Group is investing in the future when the economy will eventually bounce back. Lower real estate prices and the availability of labor makes it an enticing environment for market positioning once the demand for fine timepieces edges its way back up, once again. Ariel Adams publishes the popular watch review site aBlogtoRead.com.