The Swatch Group Ltd is the number one manufacturer of finished watches in the world. Swatch Group is active in the manufacture of finished watches, jewelry, and watch movements and components. It produces nearly all of the components necessary to manufacture the watches sold under its 18 watch and jewelry brands and the two multi-brand retail labels Tourbillon and Hour Passion, as well as the entire Swiss watchmaking industry. In addition, it operates its own worldwide network of distribution organizations. Swatch Group is also a key player in the electronic systems sector.