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Swatch Group - Nicolas Hayek death - reactions of Seiko

WORLDTEMPUS - 1st july 2010
"My best enemy"
I would like to offer my condolences to the family of Mr. Nicholas Hayek, and to express to them my admiration for all that he achieved for the watch industry.
Seiko and the Swiss watch industry are, at one level, competitors, and the Swatch Group and Seiko Group have brand portfolios that compete side by side all over the world. However, that is not the whole story. Both Groups share a common interest in making sure that the quality watch business remains b, which is why we both invest heavily in innovative technologies, in prestige distribution and in long term development. In this Seiko and the Swiss industry, and, in particular the Swatch Group, are partners in the promotion of the quality watch industry. I believe that both Seiko and the Swiss Industry make equally important contributions to the industry and if one is successful, the other also benefits.