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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.
The company manufactured wristwatches as the market switched from pocket watches to wristwatches after World War I. During World War II, Hamilton retooled its business model to serve the military, dropping its consumer products. [citation needed] The Hamilton Watch Company was housed on a 13-acre (53,000 m 2) complex in Lancaster. Hamilton took ...
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.
Tissot watches are classified by the Swatch Group as "mid-range market" products. [ 9 ] Tissot is an official timekeeper for the world championships in cycling, motorcycling, fencing and ice hockey, etc. Tissot was a sponsor for the Formula One car-racing teams Lotus, Renault, and Sauber.
The list seen by Fortune reveals the Pershing Square Foundation owns a stake in X. If the name sounds familiar, that's because of its link to Pershing Square Holdings, founded by billionaire ...