Swatch CEO Hayek would consider going-private
Swatch, the listed Swiss watch maker, would consider going-private, Aargauer Zeitung reported. The Swiss daily cited Swatch Chief Nick Hayek who said going-private would enable Swiatch to concentrate on the group's purpose which is successfully sell Swiss made products around the world.
Hayek said he has considered withdrawing from the stock market more than once due to the group's current share price which fell following the Swiss National Bank's (SNB) decision to remove the EUR/CHF floor.
Aargauer Zeitung