Swatch Quashes Activist Attempt to Shake Up Hayek Stronghold

21 hours ago 31

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The Hayek family blocked Steven Wood’s second bid for a seat on the watchmaker’s board of directors with their 44 percent voting rights and three board seats, maintaining their tight control of the company.

Blancpain and Swatch collaboration sparks another sales surge.

Some investors had hoped for Wood’s election to shake things up at the company whose net income plunged nearly 90 percent last year, after a 75 percent drop in 2024.  (Shutterstock)

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