Hayek family capitalises on slump in Swatch Group share price

Hayek family capitalises on slump in Swatch Group share price

The Swiss magazine Cash reports on this with reference to the reporting page of the Swiss stock exchange SIX.

The so-called Liberation Day, with which US President Donald Trump conjured up a crazy global tariff war, also caused Swatch Group shares to plummet.

Shareholders, such as the Hayek family, do not normally like this at all. Investors, on the other hand, like to take advantage of such opportunities to get into the share business or expand a holding.

The Hayek family does the latter on a regular basis and has thus secured a considerable slice of the Swatch Group share pie over the years.

As Cash reports, the Hayek family bought Swatch Group shares for almost CHF 10 million following the slump in the share price in recent days. This involved a total of over 190,000 registered shares, which were purchased in two batches.

An executive member of the Board of Directors carried out the transaction. According to the SIX reporting page, three notifiable persons were involved. These were the Hayek family, as confirmed by a Swatch spokesperson at the request of the news agency AWP. The family is prominently represented on the Board of Directors with Chairman Nayla Hayek, CEO Nick Hayek and his nephew Marc Hayek.

The Swatch registered shares have a nominal value five times lower than the bearer shares listed in the SLI (Swiss Leader Index), but offer the same voting rights. This means that the Hayek family can control over 40 per cent of the votes with relatively little capital.