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Monthly Archives: July 2010
Patek Philippe Buying Gold Futures to Hedge Against High Prices
Categories: Patek Philippe, Swiss Watch News
Bloomberg BusinessWeek is reporting that Patek Philippe is scooping up gold futures as a hedge against high gold prices that are threatening the luxury goods industry. “My major problem is, where is gold going?” Patek Philippe Chairman Thierry Stern told … Read More
Swiss Watch Titan Nicholas G. Hayek, Dies at 82
Categories: Omega, Swatch, Swiss Watch News
Swatch founder and CEO Nicholas G. Hayek died of apparent heart failure on June 29th while working in his Biel, Switzerland office. The Lebanese-born business icon is widely credited with saving the Swiss watch industry from oblivion when he launched … Read More