The world’s biggest watchmaking company is going from strength to strength, raking in a whopping $9.7bn in sales during the course of 2013. While the market has been a bit tougher this year, due to the strength of the Swiss franc, but an expected strong performance in the US and Japan means that the outlook for Swatch is still glittering. The firm is led by chairwoman Nayla and CEO Nick (pictured), who took over the publicly traded firm after the recent death of their father, Nicolas. And, if their latest move pays off, it looks like the group’s revenues could be about to get even larger.
Aside from sales of its own brands, which include Longines, Tissot, Omega and Breguet, Swatch also devotes significant investment to mechanical movements and components, which it has until now sold off to rival manufacturers. Swatch recently spent $1bn buying the Harry Winston brand, which it plans to use to get even greater access into markets like the US and China.
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