Timepiece Tuesday: Swatch Group Names New Presidents for Rado and Hamilton Watch Brands

Matthias Breschan
 By William George Shuster

Matthias Breschan, formerly president of Hamilton watches worldwide, has been named the new president of Rado watches worldwide by the Swatch Group. Breschan originally joined the Swatch Group, which owns both Rado and Hamilton, in 1996 and had been president of Hamilton since 2003.

He succeeds Roland Streule, the long-time president of Rado SA.

Swatch Group 2010 Sales Sets New Record

The Swatch Group reported Wednesday that sales for 2010 totaled 6.4 billion Swiss Francs ($6.6 billion), an increase at constant exchange rates of 21.8 percent over 2009 and 12.7 percent over 2008, despite capacity bottlenecks and adverse exchange rates. At constant exchange rates, the increase was 28.1 percent.“The extraordinary strength of our brand portfolio was again reflected in an