Nick Hayek is standing firm: the CEO of Swatch Group has no plans to take the Swiss watchmaker private. While the Hayek family owns nearly half of the company, delisting is not on the table. “Going private is not possible,” he said in an interview with the Frankfurter Allgemeine Sonntagszeitung.

Such a move, Hayek explained, would require the family to take on significant debt. “And my father hated debt like the plague,” he said. Still, he believes delisting would be advantageous for the company.

“Because then no stock market player, no financial analyst and no financial journalist would be interested in us,” he said. “Swatch wouldn’t have to go through all this communication and bureaucracy. Do you know what cost savings that would bring!”

On the topic of U.S. tariffs, Hayek struck

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