“Time bandits” Stolen Life, Swatch founder Hayek died

Network of Chinese entrepreneurs, according to “The Wall Street Journal” reported that the Swatch Group (Swatch Group AG), founder and chairman Nicholas Hayek (Nicolas Hayek) died due to heart disease, the age of 82.
Hayek is known as the savior of the Swiss watch industry, 70 years in the 20th century, the Swiss watch industry close to collapse, Hayek’s Swatch Group introduced the same name, plastic watch, turn the tide and become a breakthrough Borders success.

Since then, Swatch watches sold more than 300 million number. Swatch hope that, as of 2033, watch sales to break 1 billion.

Swatch Group, announced: “We have with great sadness and regret, announced that Mr Nicholas G · Hayek sudden heart failure, died today. Deathbed, he was beloved for his Swatch Group work. ”

In 1928, Hayek was born in Lebanon. Came to Switzerland in 1949.

Hayek shares of SMH R & D of plastic watch constantly changing due to price low and the prevalence of art and design, and soon swept up in the world. Swatch’s success also helped the Swiss watch industry has recovered from the 70′s in the last century under the impact of electronic watches, with its Omega, Breguet, Blancpain, Longines brands, revitalizing the Swiss luxury watch.

Although Hayek was widely respected, but has not been recognized by the Swiss business elite, as he often blunt criticism of the lack of entrepreneurial spirit of other senior managers. But he suffered in the middle of the public welcome.

At present, the Swatch Group, the successor has not yet said Hayek.

80s of last century, Hayek against Japanese competition conducted by the strategic integration to Swatch watches became the world’s largest manufacturer, accounting for about 25% of world market share, “Wall Street Journal,” so called “time robber. ” Today, the “time bandit” eternal freeze frame of time.

Swatch Group, said in an official statement: “Nicholas G Hayek is his most remembered to save the Swiss watch industry and the outstanding contributions made by the group. Hayek’s vision made him an extraordinary sense of to, in order to watch business continued unbeaten, the key is the unique quality. “