Shareholders of Swatch Group have rejected an attempt by activist investor Steven Wood to secure a seat on the company’s board, reinforcing the control of the founding Hayek family over the business.
Swiss watchmaker Swatch is facing growing pressure from investors and analysts to accelerate reforms, as years of weak share performance and declining profits raise questions about its long-term strategy.
12 May 2026-14:44
11 Feb 2026-09:49
