“Revival” of Harry Winston

 Last year, the Swiss watch manufacturer Swatch Group announced the acquisition of 100 % stake of the jeweler Harry Winston, a manufacturer of jewelry and watch in "luxury" class.

“Revival” of Harry Winston

At the annual meeting, the Swatch Group has announced plans for a brand Harry Winston. On the meeting, which took place on March 20, the Chairman of the Board of Directors of Swatch Nayla Hayek in her speech touched many troubling questions about whether the billionth purchase of Harry Winston is appropriate. "I will not waste your time reflections on favorable terms by which we were able to buy Harry Winston. I also will not go into the details, whether it was the right time, given the situation of our cash reserve price objective was whether or not, whether it was the best investment for us or not "- said Hayek.

She also noted that Swatch is planning to make of Harry Winston one of the most important for themselves prestigious companies. Hayek led the brand itself, once it is 535th jobs worldwide and manufactory in Geneva became the property of Swatch Group. 

“Revival” of Harry Winston

Over the next two years Swatch Group is going to "open up new markets, attracting new customers and with a range of fantastic salons Harry Winston, to consolidate its position as never before in the hearts of the largest cities in the world" - said Hayek.

The company’s positions will be more impressive after the exhibition BaselWorld, which will feature new items and jewelry watches with complications. In addition, recently incomparable brand products have become increasingly important to notice cultural world events such as the Oscars and the International Film Festival in Cannes.

At the meeting, Swatch Group reported an increase by 8.3 % and sales in the amount of 8.817 Swiss francs billion.

Written by Angel