Swatch Group Acquires Simon Et Membrez

Swatch Group recently announced that it has purchased watch case manufacturer Simon Et Membrez for an undisclosed amount. Swatch will acquire 100 percent of the shares and a related 60 percent holding in Termiboites.

The Haute Minute

Swatch Group recently announced that it has purchased watch case manufacturer Simon Et Membrez for an undisclosed amount.

Simon Et Membrez produces watch cases at top prices out of gold, platinum, titanium, palladium and steels. The company has a history of business relationships with Swatch Group through watch brands such as Blancpain and Breguet.

Simon Et Membrez will continue to trade under its own name and CEO Philippe Membrez will still be responsible for business operations.

Like Haute Time? Join our Facebook page or follow us on Twitter @hautetime.

Source: www.marketwatch.com

Photo Source: www.watchfreeks.com

In This Story

Philippe Membrez Simon Et Membrez Swatch

Seth Semilof

Co-Founder & COO · Haute Time

Seth Semilof co-founded Haute Living and, with business partner Kamal Hotchandani, launched Haute Time, the brands' luxury timepiece site, to educate buyers about the best watches in the world and to showcase the passion of collectors and the CEOs who lead the great maisons. His love of watches began early: a TAG Heuer at 13, an Omega at 16, and his first Rolex at 20. Through Haute Time he has been honored to visit the greatest watch manufactures in the world and meet the master watchmakers behind them. He has also personally featured private collections exclusive to Haute Time, taking readers inside the watch boxes of Kevin Hart, Carmelo Anthony, Tony Robbins and Swizz Beatz.

Swatch Group Acquires Simon Et Membrez

The watch brief, every week. Free.