Pursuits
Nestle Chairman Invests in Watches That Use Liquids to Tell Time
- HYT raises 23 million francs to fund product development
- Swiss co. makes watches that run with pressurized fluids
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HYT SA, a Swiss maker of wristwatches that use liquids to tell the time, raised 23 million francs ($23 million) to fund new products as it attracted investors including Nestle Chairman Peter Brabeck-Letmathe.
Brabeck and a Swiss private asset management company participated in the investment round for HYT and its sister company Preciflex SA, the watchmaker said in a statement Thursday.