Swarovski shareholders form Crystal Group, resolve disputes

Swarovski shareholders have agreed to form an integrated Crystal Group, resolving all legal disputes and setting the stage for future growth. The unanimous decision incorporates the Wattens-based business, allowing independent development of Swarovski's crystal business and related companies like Tyrolit and Swarovski Optik. The company reported a 6% revenue increase in 2024, reaching 1.91 billion euros. This move aims to accelerate profitable growth, including modernizing the Wattens unit as a global innovation hub. Swarovski, a luxury family business founded 130 years ago, is now owned by fourth, fifth, and sixth-generation family shareholders.