⌚ Swatch: The $40 Watch That Saved Switerzland

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⌚ Swatch: The $40 Watch that Saved Switerzland | 12

6M ago 45:45

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When you hear the name Swatch, you may picture an affordable wristwatch with neon bands, a pop-art face, and an invite to the Middle School dance. But this humble plastic timepiece played a huge role in geopolitics: the Swatch saved the entire Swiss watch industry from something called the “Quartz Crisis.” Rolex is only thriving today as a luxury product because Swatch pulled off a James Bond-level rescue operation. Thanks to the big strategic bet of a consultant named Nicolas Hayek, Swatch became the best-selling new brand in the history of business, reaching $10B in revenue annually. But does the “S” in Swatch stand for “Swiss” or “Second”?” (We’ll save it for the pod). Find out why Swatch is the best idea yet.

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