The Watches division of the world’s leading luxury goods group has acquired a 15% stake in Swiss manufacturer La Joux-Perret, a benchmark in the design and production of some of the world’s most sophisticated watch movements. Already a partner of LVMH’s brands, La Joux-Perret will retain its independence and continue to work for other major luxury names.
LVMH continues to consolidate its supply chain for its Watches division, bringing together the Houses of Hublot, TAG Heuer, and Zenith.
The world leader in luxury goods has just announced a minority stake (15%) in its watchmaking division in the Swiss movement manufacturer La Joux-Perret.
A leader in Swiss watchmaking subcontracting
Founded in 2003 near La Chaux-de-Fonds, Manufacture La Joux-Perret is a leader in Swiss watchmaking subcontracting, specializing in the design and production of watch movements (automatic, complications, high-precision solar quartz calibers) “among the most sophisticated in the world,” according to the LVMH press release. Employing around 140 people, it controls “the entire value chain: from development to final assembly, including the production and decoration of its own movements.”
Discover our plans Subscribe for 1€ Become an active member of the community of luxury leaders.
Read also > LVMH returns to organic growth in the third quarter
Featured photo: © La Joux-Perret
