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RAPAPORT...The Swatch Group appointed Nayla Hayek, the chairwoman of the company, as the new CEO of Harry Winston Inc., the former retail arm of Harry Winston Diamond Corporation. Hayek had already been nominated chairwoman of Harry Winston when the luxury retailer was acquired in March. Swatch purchased Harry Winston as part of $1 billion agreement with Harry Winston Diamond Corporation, which changed its name to Dominion Diamond after the sale. Swatch reported group sales of $8.8 billion in 2012, up 14 percent year-on-year and profit surged 26 percent to $1.8 billion. The company anticipates revenue growth of 5 percent to 10 percent in 2013.
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