see more

Nick Hayek, chief executive officer of Swatch Group AG, pauses during the company's results news conference in Geneva, Switzerland, on Thursday, March 1, 2012. Swatch Group AG can't keep up with demand in China even as the highest price segment for watches slows down, Hayek said today at a press conference in Geneva on 2011 results. Photographer: Valentin Flauraud/Bloomberg via Getty Images

Nick Hayek, chief executive officer of Swatch Group AG, pauses during the company's results news conference in Geneva, Switzerland, on Thursday, March 1, 2012. Swatch Group AG can't keep up with demand in China even as the highest price segment for watches slows down, Hayek said today at a press conference in Geneva on 2011 results. Photographer: Valentin Flauraud/Bloomberg via Getty Images

see more

SWITZERLAND - MARCH 18: Hanspeter Rentsch, a member of the executive group Managment Board at Swatch Group AG, sits with Nick Hayek, chief executive officer, center, and Edgar Geiser, chief financial officer, right, during the company's full year press conference in Geneva, Switzerland, on Wednesday, March 18, 2009. Swatch Group AG, the world?s largest watchmaker, expects to increase profit and sales in 2009, Chairman Nicolas Hayek wrote in the company?s annual report, released today. (Photo by Adrian Moser/Bloomberg via Getty Images)

SWITZERLAND - MARCH 18:  Hanspeter Rentsch, a member of the executive group Managment Board at Swatch Group AG, sits with Nick Hayek, chief executive officer, center, and Edgar Geiser, chief financial officer, right, during the company's full year press conference in Geneva, Switzerland, on Wednesday, March 18, 2009. Swatch Group AG, the world?s largest watchmaker, expects to increase profit and sales in 2009, Chairman Nicolas Hayek wrote in the company?s annual report, released today.  (Photo by Adrian Moser/Bloomberg via Getty Images)