Home - Watches

Citizen Acquires Frederique ConstantsharetweetshareFor the next time in 4 years, Japan's Citizen Watch Co. Ltd. has got a new Swiss watchmaker. In May, Citizen agreed to buy Switzerland's Frederique Constant Holding SA and its particular three watch brands ?Frederique Constant, Alpina as well as the tiny Ateliers DeMonaco ?with an undisclosed sum.Frederique Constant's headquarters/factory in Plan-les-Ouates, Switzerland"Citizen is implementing a multi-brand strategy hoping to finish its brand portfolio by acquiring Swiss brands," Citizen said in a very statement. "This particular acquisition will enable Citizen to boost its brand portfolio, offering consumers a range of products from accessible timepieces to accessible luxury timepieces."Citizen is a giant manufacturing conglomerate with annual sales amounting for the yen same as $2.9 billion with the fiscal year ended March 31. Watches and clocks are the reason for 52 percent of their revenue. Since the world's top producer of quartz replica watches, Citizen is often a powerhouse from the mid-priced market from $300 to $1,200 within the strength of that Citizen and Bulova brands.About 5 years ago, Citizen developed a strategic shift to grow in to the luxury mechanical-watch segment from the watch business and grow a multi-national watch group. (For much more, see "Redefining Citizen" in WatchTime's April 2016 issue.) In 2012, it acquired Switzerland's Prothor Holdings, one who owns the respected mechanical movement manufacturer La Joux-Perret and also the Arnold & Son brand.Arnold, which concentrates on high-mechanical complications manufactured by La Joux-Perret, gives Citizen a name inside the small-batch, premium price segment from the market. Frederique Constant will offer Citizen a foothold within the affordable luxury segment. FC replica watches sell primarily between $1,000 and $4,000 (some models can cost around $13 replica rolex ,000). Sports-oriented Alpina has similar prices. Frederique Constant says it's got developed, manufactured, and assembled 19 in-house calibers since 2004. It describes its mission as "making fine replica watches offered to the most significant possible audience of watch enthusiasts at sensible prices."Frederique Constant focuses on "affordable luxury" replica watches. Shown here, its Perpetual Calendar Manufacture, swiss replica watches hublot priced starting at $8,795.Peter and Aletta Stas, the Dutch husband-and-wife team who founded Frederique Constant in 1988 and possess run it ever since replica mont blanc retail watches , will remain using the company. In the statement, the bride and groom stated that Citizen had specified that it would "keep both of us and the current management team set up for at least 5 years. Within the [Citizen] group, as well as the greatest Swiss entity and we'll carry on and operate independently." The trainer told us they opted to sell this company when their two children do not join your family business.Citizen CEO Toshio Tokura, the architect with the Swiss acquisition strategy, said, "We have a great chance to expand the sales of Frederique Constant through our current distribution channels, especially in Japan as well as the U.S."sharetweetshare replica breitling band watches
replica breitling bentley automatic watches
replica hublot bigger bang watches
replica hublot bing bang king watches
replica omega seamaster james bond watch
replica omega seamaster ladies watches
replica rolex daytona strap watches
replica rolex daytona uk watches
replica tag heuer monaco steve mcqueen limited edition watches
replica tag heuer monaco steve mcqueen watches