General Watch Co: Difference between revisions
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The General Watch Holding Co. Ltd. was founded on February 18, [[1970]] to unite seven of the largest Swiss manufacturers of watches under [[ASUAG]]. The initial members were [[Certina]], [[Edox]], [[Eterna]], [[Mido]], [[Oris]], [[Rado]], and [[Technos]]. Together, these firms represented 10% of the Swiss watchmaking market with 300 million francs of revenue. | The General Watch Holding Co. Ltd. was founded on February 18, [[1970]] to unite seven of the largest Swiss manufacturers of watches under [[ASUAG]]. The initial members were [[Certina]], [[Edox]], [[Eterna]], [[Mido]], [[Oris]], [[Rado]], and [[Technos]]. Together, these firms represented 10% of the Swiss watchmaking market with 300 million francs of revenue. | ||
When it was founded, 60% ownership of General Watch Co. went to [[ASUAG]] with the remaining 40% owned by shareholders of the seven companies. Other companies were added through the 1970s. | When it was founded, 60% ownership of General Watch Co. went to [[ASUAG]] with the remaining 40% owned by shareholders of the seven companies. Other companies were added through the 1970s. In [[1971]], [[Théodore Renfer]] retired, turning chairmanship of General Watch (and other ASUAG entities) over to [[Pierre Renggli]]. | ||
Members: | Members: | ||
* [[Certina]], Kurth Frères SA (joined 1970, still part of Swatch Group) | * [[Certina]], Kurth Frères SA (joined 1970, still part of Swatch Group) | ||
* [[Edox]] [[Era]] Watch Co. Ltd. (joined 1970, | * [[Edox]] [[Era]] Watch Co. Ltd. (joined 1970, merged with Technos in 1977) | ||
* [[Eterna]] SA (joined 1970, spun out after | * [[Eterna]] SA (joined 1970, spun out after 1984) | ||
* [[Mido]], G. Schaeren et Cie SA (joined 1970, still part of Swatch Group) | * [[Mido]], G. Schaeren et Cie SA (joined 1970, still part of Swatch Group) | ||
* [[Oris]] SA (joined 1970, spun out after | * [[Oris]] SA (joined 1970, spun out after 1978) | ||
* [[Rado]] Schlup et Cie SA (joined 1970, still part of Swatch Group) | * [[Rado]] Schlup et Cie SA (joined 1970, still part of Swatch Group) | ||
* [[Technos]], Gunziger Frères SA (joined 1970, | * [[Technos]], Gunziger Frères SA (joined 1970, merged with Edox in 1977) | ||
* [[Auguste Reymond]] S.A. (Brands: [[Arsa (watches)|Arsa]], [[Damas (watches)|Damas]] and [[Hoga watches|Hoga]]) (spun out after 1977) | * [[Auguste Reymond]] S.A. (Brands: [[Arsa (watches)|Arsa]], [[Damas (watches)|Damas]] and [[Hoga watches|Hoga]]) (spun out after 1977) | ||
* [[Atlantic]] S.A (spun out after 1977) | * [[Atlantic]] S.A (joined in 1974?, spun out after 1977) | ||
* [[Diantus]] (defunct) | * [[Diantus]] (joined by 1974, defunct) | ||
* [[Dynasty]] (defunct) | * [[Dynasty]] (joined by 1974, defunct) | ||
* [[Endura Watch Factory|Endura]] ( | * [[Endura Watch Factory|Endura]] (joined by 1974, still part of Swatch Group, private label brand) | ||
* [[Hamilton Watch Company|Hamilton]] (Still part of Swatch Group) | * [[Hamilton Watch Company|Hamilton]] (Still part of Swatch Group) | ||
* [[Longines]] ( | * [[Longines]] (joined by 1974, still part of Swatch Group) | ||
* [[Microma]] (defunct) | * [[Microma]] (defunct) | ||
* [[Roamer]] (spun out) | * [[Roamer]] (spun out) | ||
* [[Rotary|Rotary Watches]] (spun out after | * [[Rotary|Rotary Watches]] (joined by 1974, spun out after 1982) | ||
[[Category:Swatch Group]] | [[Category:Swatch Group]] | ||
[[Category:ASUAG]] | [[Category:ASUAG]] | ||
Revision as of 17:55, 31 March 2024
- Main article: ASUAG
The General Watch Holding Co. Ltd. was founded on February 18, 1970 to unite seven of the largest Swiss manufacturers of watches under ASUAG. The initial members were Certina, Edox, Eterna, Mido, Oris, Rado, and Technos. Together, these firms represented 10% of the Swiss watchmaking market with 300 million francs of revenue.
When it was founded, 60% ownership of General Watch Co. went to ASUAG with the remaining 40% owned by shareholders of the seven companies. Other companies were added through the 1970s. In 1971, Théodore Renfer retired, turning chairmanship of General Watch (and other ASUAG entities) over to Pierre Renggli.
Members:
- Certina, Kurth Frères SA (joined 1970, still part of Swatch Group)
- Edox Era Watch Co. Ltd. (joined 1970, merged with Technos in 1977)
- Eterna SA (joined 1970, spun out after 1984)
- Mido, G. Schaeren et Cie SA (joined 1970, still part of Swatch Group)
- Oris SA (joined 1970, spun out after 1978)
- Rado Schlup et Cie SA (joined 1970, still part of Swatch Group)
- Technos, Gunziger Frères SA (joined 1970, merged with Edox in 1977)
- Auguste Reymond S.A. (Brands: Arsa, Damas and Hoga) (spun out after 1977)
- Atlantic S.A (joined in 1974?, spun out after 1977)
- Diantus (joined by 1974, defunct)
- Dynasty (joined by 1974, defunct)
- Endura (joined by 1974, still part of Swatch Group, private label brand)
- Hamilton (Still part of Swatch Group)
- Longines (joined by 1974, still part of Swatch Group)
- Microma (defunct)
- Roamer (spun out)
- Rotary Watches (joined by 1974, spun out after 1982)