Nicolas Hayek’s profile picture

Nicolas Hayek

Nicolas Hayek’s profile picture
Net worth 2018: $3.9 Billion
Industry: Other
Country: Switzerland
BirthDay: 19 February 1928
Sigh: Pisces
Died On: 28/06/2010
Children: 2

Nicolas Hayek was bornon 19 February 1928 in Switzerland. Orchestrated merger of troubled Swiss watchmakers SSIH (Omega, Tissot) and ASUAG 1983; introduced popular low-cost "Second Watch." Company renamed The Swatch Group 1998. Acquired luxury time-piece brand Breguet a year later. Struck licensing deal with Tiffany 2007. Swatch Group's sales in 2009: $5 billion, down 6.3% (holding exchange rates constant). Shares up 160% in 12 months. Son Nick Jr. serves as chief executive; Hayek still advises on major decisions.


$3.9 Billion


$3.9 Billion


Hayek died unexpectedly on 28 June 2010 of cardiac arrest during work at the Swatch Group headquarters in Biel


In the early 1980s, Hayek was asked by a group of Swiss bankers to oversee a liquidation of ASUAG and SSIH, two Swiss watch-making firms which were in turmoil due to heavy competition from Japanese watch manufacturers such as Seiko and Citizen Watch


" By 1979, Hayek Engineering had over 300 clients in 30 countries


In 1963, Hayek founded his own management consulting firm, the Zurich-based Hayek Engineering


Nicolas George Hayek (19 February 1928, Beirut – 28 June 2010, Biel/Bienne), was a Swiss-Lebanese entrepreneur, co-founder, CEO and Chairman of the Board of the Swatch Group, with principal headquarters in Biel/Bienne

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