The Swatch Group Ltd. acquires Groupe Horloger Breguet from Investcorp S.A.

default swatchgroup image

Questo comunicato non è disponibile in italiano. Voglia consultare la versione inglese (qui di seguito), la versione tedesca o la versione francese.

separator

Biel / Bienne (Switzerland), September 14, 1999 - Investcorp S.A. and The Swatch Group Ltd. have reached an agreement whereby all shares of the Groupe Horloger Breguet will be taken over by the Swatch Group. Breguet whose origins date back to 1775, is one of the oldest timepiece manufacturers in the world. It produces high quality hand-assembled mechanical timepieces known for the beauty of their design as well as for their accuracy and technical innovation. Breguet timepieces are situated in the highest price segment of the „haut-de-gamme“ watch market.

Groupe Horloger Breguet is composed of „Montres Breguet SA“ which sells Breguet’s timepieces under the Breguet brand name, „Breguet SA”, the French distribution company, „Nouvelle Lemania SA“, a Swiss company which produces all of Breguet’s watches and also carries out third party high-end mechanical movement production for customers of this particular market, as well as „Valdar SA“, a Swiss company involved in the manufacturing and supply of micro-mechanical components, mainly for the watch and clock industry. All the Swiss companies of the Breguet Group are located in the „Vallée de Joux“ which is known as the most prestigious area of production of mainly mechanical Swiss made watches and movements for the high-end watch market.

Breguet was acquired in 1987 by Investcorp and certain international investors. During Investcorp’s ownership, unit sales have grown around ten times. Groupe Horloger Breguet is a growing and profitable group with around 460 associates. No disclosure is made about the transaction price.

The Breguet brand will join the prestigious group of the fifteen brands of the Swatch Group. It will be an extension of the upper summit of the luxury watches and upper market segment of the Swatch Group with Blancpain, Omega, the newly acquired Hatot jewellery watch brand, Longines and Rado. Nouvelle Lemania and Valdar, the manufacturing and production companies, will add capacities to the existing Frédéric Piguet and other luxury watch movement and component producers of the Swatch Group.

The new acquisition will be, according to the Swatch Group philosophy, incorporated in the most suitable way in the structure of the Swatch Group as separate profit centers and separate organisations, taking full advantage of the Swatch Group’s ressources in the worldwide distribution as well as in the development and manufacturing areas.

Notizie correlate

Breguet amplia la sua collezione Marine

Breguet amplia la sua collezione Marine

Breguet amplia la sua iconica collezione con nuovi modelli ornati di pietre preziose. Orologi decisamente contemporanei, che invitano a salpare per mari ancora sconosciuti.Marine 9518Due creazioni completano la collezione Marine. Mentre la prima presenta un quadrante soleil blu che ricorda il mare, la seconda è proposta con quadrante argentato,…

Breguet Type XX

Breguet Type XX

Questa collezione icona da quasi 70 anni, ha accompagnato la storia dell’aviazione sia al polso dei piloti quale strumento di precisione sia a quello degli appassionati di orologeria, affascinati dalle sue qualità leggendarie. La Manifattura Breguet è orgogliosa di presentare una linea rivisitata in chiave innovativa e contemporanea, piena di…

Nouvo Breguet Tradition 7047

Nouvo Breguet Tradition 7047

In occasione dell’anniversario della creazione del Tourbillon da parte di Abraham-Louis Breguet, il marchio svela il suo ultimo modello della collezione Tradition. Un segnatempo dai colori audaci che mette in risalto una delle complicazioni orologiere più affascinanti di sempre. Il meccanismo fuso-catena del tourbillon è costellato di tocchi di…