Chronos Holding

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Chronos Holding AG was an organization of Swiss watchmaking companies founded in 1966 and headquartered in Bienne. Its stated purpose was "Facilitate the merger of existing watch companies."

As of 1972, Chronos Holding owned 23% of the shares of SAPHIR Group, which included Jaeger-LeCoultre and related companies. Henry-A. Favre served on the board representing these interests.

Timeline

  • 1966, April 14 - Chronos Holding SA is established in Bienne; it is a public limited company with the aim of "facilitating the concentration of existing watchmaking companies and their brands, to take an interest in all watchmaking or watchmaking companies, by participating in their capital and managing these participations, all in the manufacturing and sale of the finished product"; share capital is 5,000,000 francs divided into 50,000 shares of 100 francs each; the board of directors is composed of President Gérard Bauer, First Vice President Karl Obrecht, Second Vice President Philippe de Weck, Jean Hegetschweiler, Théodore Renfer, Pierre Renggli, Charles Blum, René Gugger, Numanin Jeanin, Silvan Kocher, Hans Kurth, Roger Lévy, Michael Meyrat, Raoul Perret, François DuPasquier, Paul Tuetey, Max Häni, Hans Strasser, and Arnold Voegelin; the offices were at Rue de l'Argent 6 in Bienne
  • 1966, October 13 - At its general meeting, Chronos Holding increases its share capital from 5,000,000 francs to 7,000,000 francs by issuing 4,000 shares 500 francs each; these shares are fully released by the contribution made by Amir SA of La Chaux-de-Fonds consisting of the entire share capital of Cyma Watch Co. SA (1200 shares with a nominal value of 1250 francs each), of claims against Cyma Watch Co. SA of 1,500,000 francs for a total takeover price of 2,000,000 francs; Raoul Perret is no longer a member of the board of directors; Henry Favre is added
  • 1966, December - Administrator Jean Hegetschweiler becomes a director, Jean-Robert Bugnion is added to the board
  • 1967, June - Offices are transferred to Rue de la Gare 16 in Bienne
  • 1967, September 8 - The company increased its share capital from 7,000,000 to 12,000,000 francs by issuing 50,000 registered shares of 100 francs each
  • 1968, June 28 - Share capital is increased from 12,000,000 to 13,500,000 francs by issuing 3,000 bearer shares of 500 francs, fully released by the contribution made to the company by Raoul de Perrot of the entire share capital of Ernest Borel & Cie SA; the takeover price of this asset was set at 3,000,000 francs; in addition to the 3000 bearer shares with a nominal value of 500 francs each, the company issues to Raoul de Perrot 750 bearer bonds of 2000 francs each
  • 1968, October 29 - Share capital is increased from 13,500,000 to 18,500,000 francs by issuing 50,000 new registered shares of 100 francs each
  • 1968, December 17 - Share capital is increased from 18,500,000 to 19,500,000 francs by issuing 2000 new bearer shares of 500 francs, fully released by the contribution made to the company by Max Jaggi of the entire share capital of Manufactures des Montres Doxa SA (1000 bearer shares of 1000 francs each, fully released); the takeover price of this asset was set at 4,000,000 francs; in addition to the 2000 bearer shares of 500 francs each, the company issues Max Jaggi 3000 bearer bonds of 1000 francs each; Jean-Louis Borel was appointed a new member of the board of directors; Silvan Kocher, who died, is no longer a member of the board
  • 1969, February 10 - Share capital is increased from 19,500,000 to 21,500,000 francs by issuing 3300 bearer shares of 500 francs, fully released by the contribution made to the company by Henri Niess of 3300 bearer shares of 300 francs each of the Société Anonyme de Participations Industrielles et Commerciales; the price of this asset was set at 3,300,000 francs; in addition to the 3300 bearer shares of 500 francs each, the company issues Henri Niess 1650 bearer bonds of 1000 francs each
  • 1970, January - Jean-Robert Bugnion is appointed deputy director
  • 1971, February - The signature of Deputy Director Jean-Robert Bugnion is extinguished
  • 1971, September - Philippe de Weck is no longer second vice-president, but remains a member of the board of directors; Arnold Voegelin is appointed second vice-president
  • 1972, April - The company relocates to Rue Centrale 60, Tour du Palais des Congrès
  • 1972, July - Arnold Voegelin, second vice-president, René Gugger, Max Häni, Theodor Renfer, Hans Strasser, and Philippe de Weck are no longer on the board of directors; new directors are appointed: second vice-president André Favre, André Brasey, Peter Haas, Heinz Hämmerli, Jean-François Krebs, and Eduard Rentsch
  • 1973, May - Administrator Henry Favre has died; Jack W. Heuer is appointed a new member of the board of directors
  • 1973, July - Mireille Strasser is appointed a power of attorney
  • 1975, May - First Vice-President Karl Obrecht, Jean-Louis Borel, Hans Kurth, and Michel Meyrat are no longer part of the Board of Directors; Erich Kocher is appointed director; André Favre is no longer second vice-president; Pierre Renggli is appointed first vice-president; André Brasey is appointed second vice-president
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