Frederique Constant
Fredrique Constant Group to be acquired by Citizen Watches
Within these discussions, Stas shared that three major benefits from the offers on the table became increasingly clear for him. To quote Stas himself, these benefits were:
“1. More funding as part of a stock listed group, enabling more aggressive investments (new facilities, international advertorial reach, opportunity for a brand booth in Hall 1.0 at Baselworld 2017).
2. Combined R&D on mechanical and electronic calibers driving continued innovation.
3. Stronger global distribution to allow us to grow in certain markets, in particular the US.”
Fredrique Constant and Citizen Watch took the year to deliberate on the finer points of the acquisition before the final announcement was made today.
For Citizen, this is not the first time they have acquired a Swiss watchmaking entity. The Group already holds ownership of La Joux-Perret and the brands that are under its umbrella. Therefore having to oversee a Swiss horology brand is not new to Citizen for sure.
For more on the matter, you can read right here.