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2010 June 29
Nicholas G. Hayek was often referred to as the man who saved the Swiss watch industry. By consolidating some of the most important brands and founding Swatch to marry mass production with Swiss quality manufacturing he thwarted the negative effects that the advent of inexpensive, Japanese quartz watches were having on the Swiss manufacturers. Mr. Hayek was 82 on June 28th, when he died suddenly. His larger-than-life personality and hands-on business attitude will surely be missed by his colleagues.