The Swatch Group is a multinational luxury watch company formed in 1983 through the merging of Swiss watchmakers. It owns famous brands like Omega, Tissot, and Swatch. Recent achievements include Omega introducing an anti-magnetic watch and Harry Winston purchasing a large blue diamond. A ratio analysis of 2012-2013 shows profitability and expenses improving but debt increasing and slower inventory turnover. An appendix discusses the company's price-earnings ratio of 13.8 and recommends against investing due to instability risks.