The Story of a Watch Company
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Press Release
PRESS RELEASE Biel / Bienne, 28 January 2021 SWATCH GROUP: Key Figures 2020 – Group net sales for the full year of CHF 5 595 million, -28.7% compared with the previous year at constant exchange rates, or -32.1% at current rates. The currency-related sales loss amounted to CHF 286 million. – Operating result of CHF 52 million (previous year: CHF 1 023 million), or CHF 99 million, excluding the discontinued business unit Calvin Klein. – Net loss of CHF -53 million, versus net income of CHF 748 million in the previous year. – Operating cash flow of CHF 819 million and net liquidity of CHF 1 700 million, 24.3% or CHF 332 million higher than the previous year. – Net sales in the second half of the year -14.3% compared with the previous year (at constant exchange rates), but 54.7% above the first half. Strong December despite renewed lock- downs in important markets such as Germany and Great Britain. – Operating profit in the second half of the year of CHF 379 million and operating margin of 11.2% for the entire Group. The Watches & Jewelry segment (excluding Production) increased its operating margin in the second half year to 17.8% against 14.8% the previous year. – Thanks to the strong operating cash flow of the second half, the Board of Directors proposes a dividend of CHF 3.50 per bearer share and CHF 0.70 per registered share (previous year: CHF 5.50 per bearer share; CHF 1.10 per registered share). – For 2021, the Group sees a good chance that sales in local currencies will approach those of 2019, with significantly improved margins. -
C9 Collection
C9 COLLECTION O W N E R ’ S H A N D B O O K TIME ON YOUR SIDE... Your Christopher Ward watch has been designed and engineered by highly talented craftspeople to ensure not only accurate and precise timekeeping but also to bring a real pride of ownership that only luxury items of the highest quality can ever hope to deliver. You have made an investment, a good one, and the aim of this handbook is to help you make the most of that investment during what I hope will be a lifetime of ownership. Christopher Ward 1 JOHN HARRISON WATCHMAKER John Harrison was born in 1693 in Foulby, West Yorkshire and lived for most of his life in Barrow upon Humber. He became a carpenter, like his father, was a gifted musician and a self-taught watchmaker, creating his first timepieces entirely out of wood. He moved to London in the 1750s, at the height of his development of his “sea watches” and died in the capital in 1776. The ship’s chronometers were rediscovered at the Royal Greenwich Observatory in the mid-20th century and restored. Today the H1, H2, H3 and H4 are on display at the National Maritime Museum in Greenwich. The H5 is owned by the Worshipful Company of Clockmakers, and is displayed in the Clockmaker’s Museum in London’s Guildhall. 2 THE LONGITUDE SOLUTION In 1760 horologist John Harrison took his 1735 invention of the Marine Chronometer to a higher level by making it portable in the form of a pocket watch - his H4 was effectively the first precision watch and the true ancester of the Christopher Ward collection. -
UNESCO World Heritage Properties in Switzerland February 2021
UNESCO World Heritage properties in Switzerland February 2021 www.whes.ch Welcome Dear journalists, Thank you for taking an interest in Switzerland’s World Heritage proper- ties. Indeed, these natural and cultural assets have plenty to offer: en- chanting cityscapes, unique landscapes, historic legacies and hidden treasures. Much of this heritage was left to us by our ancestors, but nature has also played its part in making the World Heritage properties an endless source of amazement. There are three natural and nine cultur- al assets in total – and as unique as each site is, they all have one thing in common: the universal value that we share with the global community. “World Heritage Experience Switzerland” (WHES) is the umbrella organisation for the tourist network of UNESCO World Heritage properties in Switzerland. We see ourselves as a driving force for a more profound and responsible form of tourism based on respect and appreciation. In this respect we aim to create added value: for visitors in the form of sustainable experiences and for the World Heritage properties in terms of their preservation and appreciation by future generations. The enclosed documentation will offer you the broadest possible insight into the diversity and unique- ness of UNESCO World Heritage. If you have any questions or suggestions, you can contact us at any time. Best regards Kaspar Schürch Managing Director WHES [email protected] Tel. +41 (0)31 544 31 17 More information: www.whes.ch Page 2 Table of contents World Heritage in Switzerland 4 Overview -
(EMS) Du Canton De Neuchâtel Liste Des Tarifs Valables En 2018
Etablissements médico-sociaux (EMS) du canton de Neuchâtel Liste des tarifs valables en 2018 Les EMS se répartissent dans les catégories suivantes : - EMS reconnus d'utilité publique et ayant conclu un contrat de prestations avec l'Etat : pages 2 à 3 - EMS non reconnus d'utilité publique, page 4 Les pages suivantes indiquent les prix de pension applicables ainsi que les conditions particulières s'appliquant en fonction du type d'EMS (reconnu d'utilité publique ou non) Renseignements : Service cantonal de la santé publique, Pourtalès 2, 2000 Neuchâtel 032/889.62.00 [email protected] Caisse cantonale neuchâteloise de compensation, Faubourg de 032/889.65.01 l'Hôpital 28, 2000 Neuchâtel [email protected] Besoin d'information, d'un conseil social ou d'une aide administrative : Pro Senectute Neuchâtel 032/886.83.40 Pro Senectute La Chaux-de-Fonds 032/886.83.00 www.arcjurassien.pro-senectute.ch Sites internet des associations d'EMS : ANEMPA - association neuchâteloise des établissements et maisons pour personnes âgées www.anempa.ch ANIPPA - association neuchâteloise des institutions privées pour personnes âgées www.anippa.ch ANEDEP - association neuchâteloise d'établissements médico-sociaux privés www.anedep.ch Neuchâtel, juillet 2018 1 EMS reconnus d'utilité publique Prix de pension (tri alphabétique par commune) Chambre à 1 lit Chambre à 2 lits Prix unique Les Jonchères, Bevaix SFr. 144.70 SFr. 129.70 Le Littoral, Bevaix SFr. 169.80 SFr. 154.80 La Lorraine, Bevaix SFr. 152.60 SFr. 137.60 Les Pommiers, Bevaix SFr. 172.60 SFr. 157.60 Les Peupliers, Boudry SFr. 158.80 SFr. -
The Deloitte Swiss Watch Industry Study 2020 an Accelerated Transformation the Deloitte Swiss Watch Industry Study 2020 | an Accelerated Transformation
The Deloitte Swiss Watch Industry Study 2020 An accelerated transformation The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation About the study This report is the seventh edition of the Deloitte study on the Swiss watch industry. It is based on an online survey and interviews conducted between mid-August and mid-September 2020 with 55 senior executives in the watch industry. The study is also based on an online survey of 5,800 consumers in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. The year 2020 marks 175 years of Deloitte making an impact that matters. Today Deloitte is a thriving global organisation, which has grown to more than 300,000 people proudly carrying forth a legacy of connection and collaboration. We’re not trusted because we’ve existed for 175 years. We’ve existed for 175 years because we’re trustworthy. That’s our legacy. That’s our future. 02 The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation Contents 1. Key findings 04 2. Industry overview 05 2.1 COVID-19: Unexpected and unprecedented 05 2.2 Quartz watches: Continuing drop in exports and sales 07 2.3 China: Key for recovery and growth 09 3. Looking ahead 11 3.1 Beyond the pandemic 11 3.2 The Far East and high-end are vital for growth 12 4. Challenges remain 13 4.1 External risks: Protests and politics 13 4.2 Smartwatches: Industry missed the boat 14 5. Business strategies 18 5.1 Digitalising for a ’consumer first’ world 18 5.2 The pre-owned market heats up 23 5.3 Sustainability: The future is green 25 6. -
The Case of Switzerland and the World Watch Industry *
469 Technological discontinuities and flexible production networks: The case of Switzerland and the world watch industry * Amy Glasmeier tain and augment their competitiveness in a global Unrr~rs~t~of Texas at Austin, Texas, USA economy. On the eve of the electronics revolution, the Swiss watch production system, centered in the mountainous Jura region, was flexible, cost The twentieth-century history of the Swiss watch industry effective, and extremely profitable. Both horizon- illustrates how cultures and industrial production systems ex- tally and vertically disintegrated, the Swiss system perience great difficulty adapting to external change at differ- offered enormous variety while maintaining qual- ent points in time. The current emphasis on production net- ity and timeliness of delivery. “The multiplicity of works - unique reservoirs of potential technological innovation realized through cooperation rather than competition among enterprises, and the competition and emulation firms - lacks a detailed appreciation of historic networks, and that characterized the industry, yielded a product in particular their fragile character in times of economic of superior quality known the world over for high turmoil. While networks can and do promote innovation within fashion, design, and precision” [21, p. 481. an existing technological framework, historical experience sug- Beginning in the 1970s when foreign competi- gests their fragmented, atomistic structure is subject to dis- organization and disintegration during periods of technological tion hurdled technological frontiers in watch change. An exclusive focus on “production” ignores other movements, advancing from mechanical to elec- constraints that are powerful forces governing the reaction tric, electronic, digital and finally quartz technol- abilities of regions. Previous research has largely relied on a ogy, the Jura’s undisputed dominance ended. -
Objectif Animation
1 MYSTERIES IN THE ARCHIVES Lesson Plan by Louise Sarrasin, educator Commission scolaire de Montréal (CSDM), Montreal, Quebec Objective To help students discover or learn more about famous or lesser-known media images that capture key events of the 20th century so they can situate the events on a timeline, better understand them and analyze certain aspects. Target audience Students age 14 to 20 Connections Arts and Culture Languages Social Sciences Films needed for the lesson plan Films in the Mysteries in the Archives collection headed by Serge Viallet (10 x 26 min) Summary of the lesson plan This lesson plan will enable students to discover or rediscover media images that capture key events in the history of the 20th century. It will help them see how the images were used by the filmmakers, journalists or the media to present this history in a certain way. In viewing films directed by Serge Viallet, Julien Gaurichon and Alexandre Auque in the Mysteries in the Archives collection, students will examine and question the footage presented so as to better understand the role that such images can play in interpreting history. In so doing, they will hone their analytical skills and critical judgment in order to develop a well-founded opinion (see Note 1). Preparatory activity: Images and facts Approximate duration: 60 min Begin by writing the following words by Serge Viallet on the board or a flipchart: “Images tell stories, and we tell the story of the images.” Get your students to comment on this quote by asking them the following questions: -
Catalogue Half Sized
Nov 2010 e u g o l a t a c & r e t t e Paul Skilleter enjoying Nigel Webb’s Mike Hawthorn Jaguar Mk1 recreation l PaulSkilleterBooks/PJPublishingLtd s 38,FarmLaneSouth BartononSea NEWMILTON w Hampshire Tel:01425612669 e e-mail:[email protected] Web:www.PaulSkilleterBooks.Co.Uk n November2010 2 ListerJaguarBookLaunch The book was launched at Race Retro, Stoneleigh, 12 -14 March 2010! When Ted Walker and I set out to record the history of Lister using Ted’s Ferret Fotographics archives as the basis, we certainly didn’t realise that what began as a relatively simple photo-book would turn into the major work that it did. But when I approached Brian Lister and told him of our intentions, he soon became personally interested in the project, and began to uncover all sorts of fascinating documents and pictures. Augmented by more period photographs from his former chief mechanic Edwin ‘Dick’ Barton, the book grew into a full- blown history of Lister, covering all Brian’s cars and telling the story of the family company, George Lister Engineering (which still flourishes today, incidentally, though it ceased to have any connection with cars after the team retired in 1959). The final cog in the mechanism, as it were, was John Pearson. As I say in the book’s introduction, John has had a longer continuous relationship with Listers than anyone else, and when I first came onto the scene around 1966, John was one of the first Jaguar racing people I met. I soon learned that for several years from 1962 he had been mechanic to John Coundley, that prolific owner and driver of Lister-Jaguars, and before that had seen the earliest Listers perform and watched Lister works driver Archie Scott Brown in his prime. -
Business Networking in the Swatch Group
SPECIAL SECTION: ELECTRONIC COMMERCE AND LOGISTICS , g A b s t r a c t n i Business Networking in the Swatch k r o As part of ’The Swatch Group’ ETA SA w t supplies watch movements and spare Group e n n g s parts to all Swatch brands and other i s s e e n customers such as retailers and watch- d i s e ¨ r RAINER ALT, HUBERT OSTERLE, CHRISTIAN REICHMAYR AND u makers. To improve the quality and the l b e , RUDOLF ZURMU¨ HLEN n t efficiency of the customer relationships n n a e h ETA started a Business Networking pro- m c e g n ject in cooperation with the University a o i n t a of St Gallen. This project focused on u b m i r the complementary application of two n t i s i a Business Networking strategies that are d h c , l e usually treated separately: supply chain y l d p o p management and electronic commerce m u s e (e-commerce). Both concepts allow for , c e n c e r establishing direct relationships to the r e e f m customers. Supply chain management e r m o s enables direct deliveries to the custo- c n o c i i mers at lower costs and improved t n a r o r reliability. E-commerce provides centra- e t p c o e lized catalogues and order entry proce- l n e i : a dures with significant advantages in s ESSENCE AND RELEVANCE OF Networking. -
Physical Education Sensory Stimulation Sports
Edition 17 I 2021 SPORTS PHYSICAL EDUCATION SENSORY STIMULATION www.megaform.com TABLE OF CONTENTS Introduction 3 Traditional Sports 81 Handball Innovations 4 Football Basketball New Sport Games 10 Rugby & American Football Volleyball Poull Ball Beach Sports Cardiogoal Tennis Cardiogoal & Tchoukball Badminton RampShot & Kendo Table Tennis Bumball & Scratch’ball Athletics KIN-BALL® & Cage Balls Swimming Orienteering Games MosaIQ Zoo & Skillastics Skillastics Health & Fitness 109 Hockey Speed & Agility Hockey & Gym Ringette Strength & Resistance Non-Traditional Sport Games Core & Balance Golf Yoga & Fitness Physical Education 25 Accessories 115 Balls For Teaching & Playing Cones Handling, Throwing & Catching Floor Marking Activity Packs Measuring Tools Racket Games Storing Circus Training Vests & Belts Corporal Expression Inflators Yoga Crawling Activity guide available Video available on our website Movement Balance Best-selling item New product Parachutes within its category Cooperation Product made of minimum 25% recycled material Portable Facilities or biodegradable to minimum 75% or made of wood from sustainably and responsibly managed forests or whose material does not release any toxic substance when incinerated or destroyed. Special Needs & Adapted PE 63 Fine Motor & Regulation Fine Motor & Visual Stimulation Balance & Gait Balance & Core Tactile & Proprioceptive Stimulation Rue Haute, 177 - 4700 Eupen - Belgium Vibration & Oral Motor VAT number : 0448268672 Oral Motor Adapted PE www.megaform.com EASY TO ORDER > T : +32 (0) 87 32 17 18 • [email protected] • www.megaform.com INTRODUCTION Our Mission Our Core Values MEGAFORM is your partner to supply innovative Dynamism • Responsibility and educational products and resources to the Open-mindedness institutional market (clubs, schools, institutions) in Team spirit • Sustainability the field of Physical Education and Well Being for all ages and abilities. -
28E C H a M PIO N N a T D U JU RA B ERN O IS
Informations aux gymnastes Résultats Corgémont 14 et 15 avril 2018 28e CH AM PIO N N AT D U JURA BERN O IS 1 C1F JURA BERNOIS RANG NOM PRENOM AN. SOCIETE RECK SOL ANN. SAUT B // TOTAL 1 OR Roth Marisa 2005 FSG St-Imier 8.75 8.60 8.90 9.30 35.55 2 AR Ljoki Norah 2006 FSG St-Imier 9.05 8.90 8.00 8.50 34.45 3 BR Bingelli Ladina 2009 FSG St-Imier 8.85 9.05 8.05 8.40 34.35 4 * Fuentefria Otero Adriana 2008 Reconvilier féminine 8.80 8.75 8.15 8.60 34.30 5 Ka Ndiabel 2006 FSG St-Imier 8.95 9.10 7.95 8.25 34.25 6 Fehlmann Alicia 2010 FSG La Neuveville 8.90 8.30 8.25 8.30 33.75 7 Geiser Timéa 2010 FSG La Neuveville 9.15 8.60 7.80 7.75 33.30 8 Vuilliomenet Victoria 2010 FSG La Neuveville 8.75 7.80 8.25 8.45 33.25 9 Bonjour Chloé 2009 Reconvilier féminine 9.10 8.75 7.35 7.85 33.05 10 Rais Line 2010 FSG Malleray-Bévilard 8.25 8.50 7.85 8.10 32.70 11 De Montmollin Malya 2009 FSG La Neuveville 9.05 7.50 8.20 7.75 32.50 12 Rais Morgane 2012 FSG Malleray-Bévilard 8.30 8.00 7.85 7.20 31.35 C1F INVITES RANG NOM PRENOM AN. SOCIETE RECK SOL ANN. SAUT B // TOTAL 1 OR Godinat Romane 2009 Sport-Gym Courtételle 9.50 9.20 8.60 9.30 36.60 2 AR Fankhauser Ciara 2010 TV Lyss 9.40 9.30 8.40 9.00 36.10 3 BR Martinjas Jill 2010 TV Lyss 9.10 9.10 8.80 8.80 35.80 4 * Muriset Alicia 2011 G.S. -
Annual Report 2020 Swatch Group / Annual Report / 2020 1
ANNUAL REPORT 2020 SWATCH GROUP / ANNUAL REPORT / 2020 1 CONTENTS MESSAGE FROM THE CHAIR 2 OPERATIONAL ORGANIZATION 4 ORGANIZATION AND DISTRIBUTION IN THE WORLD 5 ORGANS OF SWATCH GROUP 6 BOARD OF DIRECTORS 6 EXECUTIVE GROUP MANAGEMENT BOARD 8 EXTENDED GROUP MANAGEMENT BOARD 9 DEVELOPMENT OF SWATCH GROUP 10 ART IN LOCKDOWN 11 GOVERNANCE 25 CORPORATE RESPONSIBILITY 26 SOCIAL POLICY – APPRENTICES 40 CORPORATE GOVERNANCE 42 FINANCIAL STATEMENTS 2020 55 CONSOLIDATED FINANCIAL STATEMENTS 56 FINANCIAL STATEMENTS OF THE SWATCH GROUP LTD 102 COMPENSATION REPORT 2020 119 Swatch Group’s Annual Report and Compensation Report are published in French, German and English. Pages 4 to 24 are originally published in French and pages 2 to 3 and 25 to 118, as well as the Compensation Report, in German. These original versions are binding. © The Swatch Group Ltd, 2021 SWATCH GROUP / ANNUAL REPORT / 2020 CONTENTS 2 3 www.swatchgroup.com MESSAGE FROM THE CHAIR DEAR MADAM, DEAR SIR, DEAR FELLOW SHAREHOLDERS The year 2020 put all of us in an unprecedented situ- and can read in this Annual Report, at the end of the contacts to spark creativity. Participating in Skype ation. January was very positive for Swatch Group, and year there was a loss in Swatch Group’s net result. We meetings while not being able to travel has a limited then unfortunately, things became very difficult due to do not blame this on management mistakes or a change emotional appeal and an impact on teamwork. We hope the Corona pandemic. First in Asia, then in Europe, and in consumer behavior, but on the futile policy of total this will soon come to an end and we can all see and then, worldwide, one country followed another.