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The Swatch Group is the largest watch company in the world and employs about 31,000 people in 50 countries. [5] The group owns the Swatch product line and other luxury brands, including Blancpain, Breguet, Certina, ETA, Glashütte Original, Hamilton, Harry Winston, Longines, Mido, Omega, Rado, and Tissot. [6] [7]
Swatch is a Swiss watch company founded in 1983 by Ernst Thomke, Elmar Mock, and Jacques Müller. It is a subsidiary of The Swatch Group.The Swatch product line was developed as a response to the "quartz crisis" of the 1970s and 1980s, in which inexpensive, battery-powered, quartz-regulated watches were competing against more established European watchmakers focused on artisanal craftsmanship ...
Compagnie des Montres Longines, Francillon S.A., or simply Longines (French pronunciation:), is a Swiss luxury watchmaker based in Saint-Imier, Switzerland. [1] [2] Founded by Auguste Agassiz in 1832, the company has been a subsidiary of the Swiss Swatch Group and its predecessors since 1983.
Swatch, the largest watch and watch component company in the world, announced record second half profits for 2012. Its net income at $967 million was a 27% increase over the same period in 2011.
ETA designs and manufactures mechanical and automatic watches, watch movements and watch ébauches.Although the company produces finished watches and movements, ETA specializes in the production of ébauche movements used both in watches of sister Swatch Group subsidiary brands and in the watches of competitors, including brands owned by Compagnie Financière Richemont S.A. and others.
Mido was founded in 1918 by George G. Schaeren in Biel/Bienne, Switzerland. Mido comes from the Spanish phrase Yo mido meaning "I measure".In the 1920s, Mido introduced ladies' watches with color-enameled shaped cases and modern straps as well as timepieces for gentlemen in art deco style.
In 1994, Heinz W. Pfeifer bought the now tiny company of 72 employees, renaming it Glashütte Original and bringing back the traditional Glashütte watchmaking handiwork. Having succeeded in this effort, in 2000 the reinvigorated Glashütte Original was bought by the Swatch Group, the largest watch group in the world. [11] [12]
Certina continued to expand and by 1955 the company had 500 employees working between the factory and offices, producing 1,000 timepieces every day. Certina worked up a new business plan that expanded its operations. [citation needed] By 1972 the company employed 900 people and produced 600,000 watches per year. [citation needed]