Fresh push by shareholder activist raises debate over board
A strong Swiss franc and raw material price volatility are giving the company behind Omega a rough ride
Swiss watchmaker says trading momentum improved sharply late last year after profits plunged
Steven Wood pushes for board overhaul after giving up hope of constructive relations with controlling Hayek family
Manufacturers and dealers are threatened by increased levy in a market worth more than $5bn
Swiss watchmaker reports near 90% drop in net income as GreenWood Advisors steps up its campaign for board seat
GreenWood Investors’ Steven Wood says he will consider requesting an extraordinary meeting
Nick Hayek has overseen a decade of decline at the watchmaker. Can he see off the threat to his grip on the group?
Plus, creditors draw battle lines at Altice and Millennium in talks to sell stakes
Steven Wood accuses Hayek family of sidelining minority shareholders in Swatch Group as he campaigns for board seat
Watches of Switzerland also reports bumper results as customers’ interest for luxury items remains steady
Swiss watchmaker says easing of rules will ‘revitalise sales in tourist destinations’
Despite China’s tough Covid policy, the Swiss watchmaker expects double digit sales growth this year
The luxury Swiss watch brand needs to borrow a leaf from the book of its old rival Rolex
Swiss group is going to need all the Churchillian vigour its chief can muster
Switzerland’s largest watchmaker fights for right to keep supplying movements to third parties
It’s a sign of the times that sales are being squeezed
Swiss group’s results also hit by crackdown on unauthorised sales
A renewed Baselworld fair faces its first test this week as watch market feels the heat
Visitors will judge whether mission to transform the beleaguered event has delivered the brief
Production bottlenecks also affect results at fashion brand
Two largest annual events align dates to stop big brands abandoning the format
Watch fair’s new head has vowed to reboot the event to secure its future
But the battle for control of secondary sales continues
René Kamm had faced criticism that trade fairs are losing relevance in social media era
