Cyma

Cyma is a brand of Swiss watches originated by Schwob Frères and Tavannes but now independent.

History

Schwob Frères was founded in 1862 in La Chaux-de-Fonds to assemble and market watches under a number of brand names. Shortly after the Tavannes Watch Co. was established by Henri Sandoz in 1891, Schwob Frères began marketing their watches. Around 1900, the Cyma brand appeared on watches manufactured by Tavannes and sold by Schwob Frères.

The Cyma brand expanded rapidly in the 1920's and 1930's, with the company claiming at one point to be the largest watch manufacturer in Switzerland. Waterproof watches appeared as early as 1915, with dive watches remaining a symbol for the brand. Cyma launched an automatic watch in 1943 and began using ETA movements in 1957.

Branding was somewhat fluid throughout the 1940's and 1950's. Tavannes watches often have Cyma movements and vice-versa, and some watches are branded "Cyma-Tavannes", "Ta-Cy", or "Tacy". Similarly, Tavannes' "Admiral" model name often appears with the Cyma brand.

Synchron

See Also: Synchron

The Cyma and Tavannes brands declined rapidly in the 1960's, with production ceasing by 1966. That year, ASUAG's Chronos Holding acquired both names, restarting production under their Synchron group in 1968. Cyma continued as a sister brand for Doxa and Ernest Borel under Synchron through the 1970's before production stopped again late in the decade.

Rebirth

In 1978, the Cyma brand was sold and production moved to the former Doxa facility in Le Locle. Ownership has changed hands since then, but the brand continues with a Le Locle address to this day.

In 1999, Claude Guilgot, director of Cyma for 21 years, claimed that the brand was positioned as "cheapest of the expensive". By this time the company, still based in Le Locle and independent of any group, produced 120,000 watches per year with a staff of 30. 60% of these watches were sold in the United States, with a strong emphasis on the ETA Autoquartz.

Cyma was acquired by Stelux of Hong Kong at some point, though it is not clear when this acquisition happened. This put it together with Solvil et Titus and Universal Genève.

Timeline

Synchron

• 1968, December 18 - Ernest Borel & Cie SA of Neuchâtel changes its company name to Synchron SA
• 1969, March 27 - Synchron SA is established in Neuchâtel; the company's goal is "manufacture and sale of watches and stopwatches of all kinds"
  • Following the general meeting on March 27, 1969, the company decided to merge with Cyma Watch Co SA of La Chaux-de-Fonds and with Manufacture des Montres Doxa SA of Le Locle
  • Synchron SA took over the assets and liabilities of Cyma according to the balance sheet of December 31, 1968, acquiring assets of 12,345,093 francs and a liability of 11,720,093.20 francs, or a net asset of 625,000 francs which were transferred to Synchron for 625 registered shares of 1000 francs each
  • Synchron SA took over the assets and liabilities of Doxa according to the balance sheet on December 31, 1968, acquiring assets of 6,654,964 francs and liabilities of 5,654,964 francs, or a net asset of 1,000,000 francs which were transferred to Synchron for 1000 registered shares of 1000 francs each
  • At the same general meeting Synchron decided to increase its share capital from 750,000 francs to 2,375,000 francs by issuing 1625 registered shares of 1000 francs each fully paid up
  • The company changed its name to "Synchron SA, Fabriques d'Horlogerie Réunies"
  • The company is administered by a board of directors of at least five members composed of Chairman Jean-Louis Borel (Ernest Borel), CEO Erwin Schnegg (Ernest Borel and Soprod), Jean Hegetschweiler (Cyma), Louis Huguenin (ASUAG), Pierre Nicollier (Ernest Borel), Jean Perrin, Raoul de Perrot (Ernest Borel), Pierre Renggli (ASUAG), Ami Scholler, Claude Schwob (Cyma), and Charles Veillon
  • The company management team consisted of general manager Andre Theurillat (Doxa); directors Eric Perrenoud (Doxa), Marcel Germond (Ernest Borel), Claude Schwob (Cyma), Jean Robert (Doxa), and Francis Schwob (Cyma); deputy directors Marcel Bouverat (Doxa), Paul-Edouard Henry (Doxa), Hans-Rudolf Knöpfel (Cyma), Maurice Sauser (Ernest Borel), Frédy Vallon, and Henri Leuenberger (Ernest Borel); deputy Jean Alpers; and powers of attorney Maurice Lutz, André Jeannet, and Georges Nidegger
  • Directors Pierre Nicollier and Raoul de Perrot are removed while Jean-Louis Borel is modified
  • Proxies Marcel Germond, Maurice Sauser, Kurt Bächler, and Henri Leuenberger are removed
• 1969, November - Cyma Watch Co SA in La Chaux-de-Fonds merges with Tavannes Watch Co in Tavannes; Cyma takes over the assets and liabilities of Tavannes Watch Co, both the assets and to the liabilities of 4,684,400.56 francs; at the same time, Cyma Watch Co SA merges with Synchron SA, Fabriques d'Horlogerie Réunies; Synchron SA takes over the assets and liabilities of Cyma Watch Co SA; Cyma Watch Co SA is dissolved; the creditors having been disinterested, having obtained collateral or having accepted the merger, the company is deregistered
• 1970, April - The signatures of director Claude Schwob, and André Jeannet, and Georges Nidegger are erased; deputy directors Maurice Sauser and Hans Rudolf Knoepfel are appointed directors; Paul-André Fallet and Pierre Henzi are appointed as proxy
• 1972, February - The signatures of directors Marcel Germond and Francis Schwob and deputy directors Kurt Baechler and Fredy Vallon and proxy Maurice Lutz are deleted
• 1977, November 7 - A suspension of 4 months is granted to Synchron under bankruptcy court in La Chaux-de-Fonds
• 1978, March 7 - By judgment of the Neuchâtel Cantonal Court, an agreement is approved for abandonment of assets between the company and its creditors; the liquidation commission is composed of Louis Genilloud and Maurice Favre; the signatures of president Jean Hegetschweiler, vice-president Jean-François Krebs, deputy director general Maurice Sauser, as well as the powers of attorney of Jean Alpers, Paul-André Fallet, Jean Matthey, Roger Pétremand, and Michel Gaille are removed; the unsigned administrators Jean Perrin and Roger Anker are removed; the company name is changed to Synchron in Liquidation
• 1986, November - The liquidation of Synchron SA being completed, this company is deleted