Source: Reuters (via feed)
Swatch Group CEO Nick Hayek has expressed concern about the strength of the Swiss franc. According to Swiss broadcaster SRF, he said the franc’s appreciation was putting domestic industry at risk. The Swiss franc is described as a safe-haven currency.
Hayek’s comments highlight the current value of the Swiss franc. The appreciation of the currency is viewed as a challenge for domestic industry.
BizTrendWire Insight:
Swatch CEO Nick Hayek’s remarks focus on currency appreciation and its potential impact on domestic industry.
Swatch CEO Nick Hayek’s remarks focus on currency appreciation and its potential impact on domestic industry.
