×
308
Fashion Jobs
PUMA
Manager Fabric Development
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Garment Technician Trainee (Activewear / Sportswear)
Permanent ·
CONNECTEDGROUP LTD
Product Manager (Fashion &Amp; Hardgoods)
Permanent · KWUN TONG
CONNECTEDGROUP LTD
Global Sustainability Manager (Textile)
Permanent · KWUN TONG
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Business System Analyst
Permanent ·
NIIN
Merchandising Allocator
Permanent · HONG KONG ISLAND
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager (Beauty Team)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Merchandiser / Merchandising Manager
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Retail Operations Manager (Station in Kuala Lumpur, Malaysia)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Manager – Administration
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Production Director/Factory Manager - Garment (Station Vietnam)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Executive/Merchandiser (Garment)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Fabric Manager (Woven & Knit Fabric)
Permanent ·
EASY JOB CENTRE
General Merchandising Manager (Ladies Sweater) (Ref no.: 032362)
Permanent · HONG KONG
EASY JOB CENTRE
Administration Manager (Knit) (Station Overseas) (Ref no.: 042708)
Permanent · HONG KONG
EASY JOB CENTRE
Quality Assurance Manager (Knit) (Ref no.: 051003)
Permanent · HONG KONG
EASY JOB CENTRE
Merchandising Manager (Knit) (Ref no.: 051192)
Permanent · HONG KONG
EASY JOB CENTRE
Merchandising Manager (Woven Fabric) (Ref no.: 005619)
Permanent · HONG KONG
EASY JOB CENTRE
Sales & Marketing Manager (Sweater) (Ref no.: 055903)
Permanent · HONG KONG
EASY JOB CENTRE
Technical Manager (All Garments) (Station Dongguan) (Ref no.: 054356)
Permanent · HONG KONG
EASY JOB CENTRE
Garment Technician 3d (Garment) (Ref no.: 052189)
Permanent · HONG KONG
EASY JOB CENTRE
Quality Assurance Manager (All Garment) (Station Offshore) (Ref no.: 053800)
Permanent · HONG KONG

Swatch chairman says considering stock market delisting

By
AFP
Published
today Mar 31, 2008
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

GENEVA, March 31, 2008 (AFP) - Nicolas Hayek, chairman of the world's largest watch-maker Swatch told a newspaper on Monday, March 31th that he was considering taking the group private.


Swatch jewellery collection 2008

He also called for a reform of the financial and stock market.

For 2007, Swatch posted record net profit of 1.015 billion Swiss francs (644.2 million euros, 1.0 billion dollars), up 22.3 percent from the figure in 2006.

This was the first time that the manufacturer of Omega, Longines, Tissot, Hamilton and Swatch watches had made a net profit of more than one billion francs.

"The stock market is not an advantageous place for firms like Swatch Group. I have planned to take it away from (the market), but I do not want to incur debts," he told Swiss Sunday newspaper NZZ am Sonntag in an interview.

When contacted on Monday, a spokeswoman for Swatch would not give further comment on any timeframe or details regarding a possible delisting.

The group's earlier share buyback programe worth 400 million Swiss francs, concluded on November 8, 2007, was followed by a new buyback programme worth 420 million Swiss francs launched December 10, 2007.

Earlier this month, Swatch said it will propose during its annual general meeting for these shares to be cancelled.

Hayek said that a reform of the financial and stock markets was needed.

"Most of financial companies and funds do not act in the interest of the firms in which they invest in, rather the opposite," he said, pointing out that even though Swatch generated record income, US funds sold all of the group's stocks as they need cash.

"They don't care what happens to the stock. It should no longer be allowed for anyone to invest in a firm without the acceptance of the management and other investors," he said.

Copyright © 2020 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.