US Edition6 Articles
6 Articles
The LVMH watch division is expanding its presence in Switzerland and is participating in La Joux-Perret. The company will continue to operate independently.
Luxury giant LVMH announced in a statement on Wednesday a "minority" stake in Manufacture La Joux-Perret, a watchmaking subcontractor based in La Chaux-de-Fonds and owned by the Japanese Citizen Group.
Industry News: LVMH Watches Acquires Stake in Movement Maker La Joux-Perret
In a press release issued just a few hours ago, the LVMH Watches Division announced having acquired a minority stake in yet another key player in the Swiss watch industry. As a reminder, the LVMH Watches Division comprises brands Hublot, TAG Heuer and Zenith and is under the direction of Jean-Christophe Babin, also CEO of […]
Business News: LVMH Buys Minority Stake In Swiss Movement Maker La Joux-Perret From Japan's Citizen Group
LVMH Watch Division is buying a minority stake in Swiss movement maker La Joux-Perret from Japan's Citizen Group in a deal that will boost the maker of Tag Heuer, Hublot, and Zenith's access to high-end Swiss-made watch movements at scale. The acquisition of the minority interest strengthens LVMH's ability to source mechanical and solar-quartz movements for its stable of watch brands that also include jewelry houses Bulgari and Tiffany & Co. Mo…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
