Navigation

Swatch Group adds Jaquet-Droz to its luxury sector

Switzerland's largest watchmaking concern, the Swatch Group, has purchased another luxury watch manufacturer - Montres Jaquet-Droz, based near Lausanne.

This content was published on April 25, 2000 - 15:31

Switzerland's largest watchmaking concern, the Swatch Group, has purchased another luxury watch manufacturer - Montres Jaquet-Droz, based near Lausanne.

A statement from the group's headquarters in Biel gave no details of the purchase price but said that all the company's employees would be maintained.

"This acquisition fits very well in the luxury segment of the Swatch Group and enhances the brands already there," said Swatch Group spokeswoman, Beatrice Howald.

Montres Jaquet-Droz will join the Blancpain and Breguet brands in the group's luxury sector.

Apart from luxury watches, Jaquet Droz makes highly complex mechanical automata - mechanical devices in imitation of human beings.

Jaquet-Droz, whose products are sold mainly in the Far East, was formerly in the hands of a venture capital company in the Cayman Islands and private minority Swiss investors.

The company takes its name from Swiss watchmaking pioneer Pierre Jaquet-Droz who was born in La Chaux-de-Fonds in 1721.

swissinfo with agencies




This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

Comments under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Join the conversation!

With a SWI account, you have the opportunity to contribute on our website.

You can Login or register here.