Greg Biffle wins Tissot award in Michigan

Greg Biffle and the No. 16 3M Ford team wins the Pit Road Precision Award in the June 14th Sprint Cup LifeLock 400 at Michigan International Speedway.
The Tissot "Pit Road Precision Award" is given to the eligible driver who has spent the least amount of time on pit road and has finished on the lead lap. Biffle earned $5,000 and a Tissot watch since the No. 16 clocked a time of 161.371 seconds and finished 5th. Biffle was leading the race with one lap to go when he ran out of fuel. He is currently 7th in the 2009 Sprint Cup point standings after this race.

Tissot still going stong in downturn

Hayek said he was confident 2009 sales would be flat in local currencies as demand for its watches, including its luxury brands, has improved, with demand in May and June higher than the previous year.

Swatch Group, makers of Tissot was being helped by the fact that stock of its watches at retailers was lower than for rivals, so shops were having to order more inventory.

Demand for Swiss watches has fallen sharply as customers worry about the economy and their jobs. Swatch Group component maker Universo is introducing shorter working hours from September.

"Universo makes over 50 percent of its sales (by supplying) third parties. They already cut back massively on orders in February," Hayek said.

Universo, which makes hands for Richemont's Cartier watches, will introduce shorter working hours for around 280 of its 350 employees and is making employees take three weeks holiday this summer.

It was difficult to tell whether other businesses at Swatch Group would also have to cut working hours, he said, though no job cuts were planned.

Tissot congratulates its ambassador Michael Owen for a decade of first-class partnership

On the occasion of the football match between Newcastle United and Chelsea in Newcastle this week, Tissot President, Mr. François Thiébaud presented a special gift to its ambassador Michael Owen. Tissot Swiss watches is proud to congratulate one of the world’s best known footballers, Michael Owen on 10 years of collaboration, excellent partnership and faithful commitment to the Tissot brand. On the occasion of this exciting match in Newcastle, Tissot President, Mr. François Thiébaud, presented Michael Owen with the Number 10 of the Limited Edition timepiece developed in his honour.