03-v-econ-audit.md — Omega SA

1. Supply Chain & Sourcing Relationships

Direct Supplier Relationships

No public evidence identified linking Omega SA to Israeli agricultural aggregators or exporters such as Mehadrin, Hadiklaim, Galilee Export, or Agrexco successors; Omega SA’s disclosed business is watches and timekeeping products, and Swatch Group’s sourcing disclosures focus on watch and jewelry inputs such as precious metals, diamonds, gemstones, components, and services.¹²

Omega SA is listed by Swatch Group as a 100%-owned Swiss watch company domiciled in Biel/Bienne, with CHF 50 million capital.³

Importer of Record Structure

No public evidence identified that Omega SA uses a wholly owned Israeli subsidiary, joint venture, or dedicated Israeli import entity as importer of record.⁴

Swatch Group’s 2025 annual report lists distribution subsidiaries in the United Arab Emirates, Saudi Arabia, and Turkey under Middle East distribution, but does not list Israel among Swatch Group distribution subsidiaries.⁴

Swatch Group states that, in countries where it has no distribution subsidiary, it is represented by local distributors.⁴

Public Omega store data lists Roltime Ltd. at 7 Imber Street, Kiryat Arie, Petah Tikva, Israel, as an Omega service location for Omega watch servicing, bracelet adjustment, strap replacement, diagnostics, water-resistance testing, battery replacement, and mechanical watch timing regulation.⁵

A Roltime Group public company profile states that Roltime operates in Israel’s watch, jewelry, handbag, and luggage market and includes Omega among the watch brands it handles.⁶

In U.S. litigation filings in Omega S.A. v. Costco Wholesale Corp., Costco’s opposition filing asserted that Roltime Ltd. was Omega’s designated distributor in Israel; this is a party filing, not an independent judicial finding.⁷

Seasonal Sourcing Patterns

No public evidence identified for recurring seasonal procurement from Israeli suppliers; Omega SA’s product category is watches and timekeeping products, not counter-seasonal fresh produce.¹²

Third-Party & Indirect Sourcing

Public evidence indicates that Omega products reach the Israeli market through third-party retail/service channels, including Roltime Ltd. and other listed stockists or retailers in Israel.⁵⁶⁸

No public evidence identified that Israeli-origin products are sold by Omega SA under white-label arrangements.¹²

2. Product Origin, Labeling & Regulatory Compliance

Settlement-Origin Products

No public evidence identified linking Omega SA products to settlement-origin agricultural goods or to goods labeled “Produce of Israel” that originate from the West Bank, Jordan Valley, or Golan Heights.¹²⁹

The 2025 OHCHR database update lists 158 business enterprises involved in specified Israeli settlement-related activities, and the public UN summary does not identify Omega SA or Swatch Group among the named entities described in the update.⁹

Labeling Compliance

No public evidence identified of regulatory citations, customs audit findings, DEFRA findings, or NGO investigations alleging Omega SA non-compliance with country-of-origin labeling rules for settlement-produced goods.¹²⁹

Omega SA’s disclosed production footprint is Swiss: Swatch Group lists Omega production in Biel/Bienne and an Omega assembly unit in Villeret, Switzerland.¹⁰

Corporate Labeling Policy

No public evidence identified of a specific Omega SA policy on sourcing from, or labeling goods from, occupied or contested territories.¹²

Swatch Group’s general sourcing policy states that most value creation occurs within the company and within Switzerland, that raw materials are procured globally, and that high ESG-risk inputs include precious metals, diamonds, and gemstones.²

3. Investment, Capital & Financial Exposure

Foreign Direct Investment

No public evidence identified of direct Omega SA capital investments in Israel or occupied territories, including factories, data centers, logistics hubs, real estate holdings, or acquisitions.³⁴

R&D & Innovation Centres

No public evidence identified of Omega SA R&D facilities, innovation labs, accelerator programs, or technology partnerships operated in Israel.³¹⁰

Swatch Group discloses Omega production facilities in Biel/Bienne and Villeret, Switzerland, and discloses Swatch Group Recherche et Développement SA in Laténa, Switzerland.³¹⁰

Parent & Beneficial Ownership Flows

Omega SA is a 100%-owned consolidated Swatch Group company.³

The Swatch Group Ltd is listed on SIX Swiss Exchange AG and BX Swiss AG, and its registered office is in Neuchâtel while its administrative headquarters are in Biel/Bienne.¹¹

As of 31 December 2025, the Hayek Pool, related parties, institutions, and persons controlled 44.5% of Swatch Group voting rights; the community of heirs of Marianne and Nicolas G. Hayek and related parties controlled 43.8% of all voting rights in the pool context.¹¹

No public evidence identified that Omega SA’s parent or disclosed beneficial-owner pool holds separate direct investments, subsidiaries, or significant financial exposure specifically to the Israeli economy.³⁴¹¹

Portfolio & Fund Exposure

No public evidence identified of Omega SA or Swatch Group publicly disclosing holdings in Israeli-domiciled companies, Israeli sovereign bonds, or Israel-focused investment funds.¹²

Swatch Group’s parent-company balance sheet discloses CHF 310 million in assets with an observable market price and CHF 4.884 billion in investments in subsidiaries and associates as of 31 December 2025, but the reviewed disclosure does not attribute those assets to Israeli securities.¹²

4. Operational Presence & Market Activity

Physical Footprint

No public evidence identified of Omega-owned offices, warehouses, or retail locations in Israel or occupied territories.⁴⁵

Public Omega data identifies Roltime Ltd. in Petah Tikva as an Omega service location, and third-party store listings identify Omega stockists or retail points in Israeli malls and cities including Azrieli, Ramat Aviv, Petah Tikva, Ayalon, Netanya, Jerusalem, Rechovot, Kiryat Bialik, and Ashdod.⁵⁸

Employment & Tax Contribution

No public evidence identified for Omega SA workforce size, direct tax registration, or direct regulatory registration in Israel.³⁴⁵

Roltime Group’s public LinkedIn profile lists a 201–500 employee company size and headquarters in Petah Tikva, Israel, but this figure relates to Roltime Group rather than Omega SA.⁶

Market Positioning

No public evidence identified in reviewed Swatch Group annual-report materials characterising Israel specifically as a minor market, strategic growth market, or regional hub.⁴¹³

Swatch Group’s 2025 annual report says India, the Middle East, Mexico, and Poland recorded double-digit sales growth in all price segments, but it does not break out Israel-specific revenue or positioning.¹³

5. Corporate Structure & Foundational Ties

Founding & Incorporation History

Omega’s official press material states that the company was established in 1848 as a small workshop opened by Louis Brandt in La Chaux-de-Fonds, Switzerland.¹⁴

Omega’s Swiss commercial-register profile lists Omega SA as an active Swiss company in Biel/Bienne with UID CHE-101.391.643 and legal form Aktiengesellschaft.¹⁵

No public evidence identified that Omega SA was founded or originally incorporated in Israel, or that it is an acquired entity with Israeli-origin operations or Israeli brand identity.¹⁴¹⁵

Headquarters & Domicile

Omega SA is domiciled in Biel/Bienne, Switzerland, according to Swatch Group’s 2025 consolidated company list.³

Omega’s Swiss commercial-register profile lists its address as Jakob-Stämpfli-Strasse 96, 2502 Biel/Bienne.¹⁵

No public evidence identified that Omega SA maintains dual or legacy headquarters in Israel.³¹⁵

State & Institutional Linkages

No public evidence identified of Israeli state ownership stakes, Israeli government board appointees, Israeli government contracts, or designation of Omega SA as Israeli critical national infrastructure.³¹¹

Structural Governance Features

No public evidence identified of governance mechanisms structurally tying Omega SA’s operations or mission to the Israeli state or Israeli policy objectives.³¹¹

Swatch Group discloses family and related-party voting control through the Hayek Pool, but the reviewed disclosure does not identify an Israeli state-linked governance mechanism.¹¹

6. Profit Repatriation & Economic Contribution

Revenue Attribution

No public evidence identified for Omega SA revenue generated from, or attributed to, Israel as a market.¹³

Swatch Group reports net sales by broad geographic regions and states that sales are reported according to invoice destination; the disclosed regions are Switzerland, Other Europe, Greater China, Other Asia, Total America, Total Oceania, and Total Africa, with no Israel-specific revenue line.¹³

Profit Flows

No public evidence identified showing that Omega SA global profits flow into Israel through Israeli-domiciled ownership.³¹¹¹²

Omega SA is a Swiss subsidiary of The Swatch Group Ltd, and Swatch Group’s parent-company income statement reports CHF 494 million in 2025 income from investments in subsidiaries, without an Israel-specific attribution.³¹²

For Israeli-market activity, public records reviewed indicate a distributor/retailer/service-channel model through Roltime Ltd. rather than a disclosed Omega-owned Israeli subsidiary; therefore, any publicly visible Israeli-market commercial flows appear to involve third-party distribution and retail channels rather than disclosed Omega SA direct profit repatriation from an Israeli subsidiary.⁴⁵⁶

Economic Ecosystem Role

No public evidence identified that Omega SA has been publicly characterised by industry reports or government designations as a key employer, sector anchor, or infrastructure provider within the Israeli economy.³⁴⁶

Roltime Group is publicly described as one of the largest companies in Israel’s watch, jewelry, handbag, and luggage market, and Omega is listed among the watch brands it handles; this describes Roltime’s market role rather than Omega SA’s direct role in the Israeli economy.⁶

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