From 12 to 17 August this year, Omega attended the European Athletics Championships which took place at the Letzigrund Stadium in Zurich. Officially responsible for timekeeping at these competitions, the Biel brand deployed a group of experts and a veritable arsenal of measuring equipment throughout the event.
Despite an increase in sales, the world’s number one watchmaker recorded a disappointing result in the first half of 2014. Net profit was down 11.5% to 680 million francs compared to the first six months of 2013, the result of extremely adverse exchange rates.
An agreement sees the acquisition by Kering of 100% of the capital of Ulysse Nardin, which will join the group’s «luxury - watches and jewellery» division. The current management team will remain in place. The transaction is subject to approval by the competition authorities and is expected to be finalised in the second half of 2014.
Federal Councillor Schneider-Ammann led an official mission to Japan last July as part of the jubilee celebrating 150 years of diplomatic relations between the two countries. It was also an opportunity to show Switzerland’s support for regions ravaged by the tsunami in 2011.
The first half-year was very favourable for the Swiss watch industry as a whole. Exports once again passed the 10 billion franc mark, with 10.532 billion. This high level corresponds to growth of 3.0% compared to the first half of 2013. The rate in this first part of the year is slowing however, with a result of +4.6% for the first quarter and +1.6% for the second.
Swiss watches enjoy an unrivalled worldwide reputation.
The Swiss watch industry has decided to strengthen the criteria of the Swiss made label.
Buying or selling counterfeit products undermines know-how, finances organised crime, and threatens jobs and innovation.