10 Apr '11, 12pm

Swatch eyes further sales rise after record 2011: ZURICH - WATCHMAKER Swatch Group remains focused on record sal...

Swatch eyes further sales rise after record 2011: ZURICH - WATCHMAKER Swatch Group remains focused on record sal...

In some instances two years would be needed to work through orders as one of the biggest challenges remained expanding production capacity, chief executive Nick Hayek (above) said in an interview with Switzerland's NZZ am Sonntag. -- PHOTO: REUTERS ZURICH - WATCHMAKER Swatch Group remains focused on record sales of more than 7 billion Swiss francs (S$9.6 billion) for the year and sees that figure approaching 10 billion within three years, its head said in a Sunday newspaper. In some instances two years would be needed to work through orders as one of the biggest challenges remained expanding production capacity, chief executive Nick Hayek said in an interview with Switzerland's NZZ am Sonntag. In early March Mr Hayek said Swatch Group, which produces jewellery as well as being the world's biggest watchmaker, was targeting sales exceeding 7 billion francs for 2011 and would...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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