Citizen to acquire the Frederique Constant Group
May 26, 2016
Today, in Tokyo, Japan, Citizen Watch Co., Ltd. announced that it has entered into an agreement to acquire Frederique Constant Holding SA.
The Frederique Constant Group consists of Frederique Constant, Alpina, and DeMonaco – which maybe most importantly has over a dozen manufacture calibers available to use at these three brands, and now, presumably to use within the Citizen group of brands, which includes Swiss brands La Joux-Perret (manufacture), Arnold & Son, and Angelus.
Although we had not heard anything about this in advance, it is not that much of a surprise, as it has become common practice for acquisitions to occur during the industry down times (and right now the industry as a whole is down in terms of sales). And so, we expect more acquisitions to follow. Moreover, the Frederique Constant group, with a large Swiss-based production infrastructure in place, was a prime target. This move also exemplifies the trend in the industry towards more accessible timepieces – something Frederique Constant has built their reputation on.
Read the official release here.