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Tissot watches are classified by the Swatch Group as "mid-range market" products. [9] Tissot is an official timekeeper for the world championships in cycling, motorcycling, fencing and ice hockey, etc. Tissot was a sponsor for the Formula One car-racing teams Lotus, Renault, and Sauber.
The Swatch Group Ltd is a Swiss manufacturer of watches and jewellery. The company was founded in 1983 through the merger of ASUAG and SSIH, moving to manufacturing quartz-crystal watches to resolve the quartz crisis threatening the traditional Swiss watchmaking industry.
The company was named after Andrew Hamilton, a Scottish-born attorney who laid out and founded Lancaster County, Pennsylvania, and was the original owner of the Lancaster site on which the factory was situated. [2] During the expansion of the railroads in the U.S., Hamilton maintained over 56% of the market.
Mathey-Tissot is a Swiss watch maker of prestige watches, originally established in 1886 by Edmond Mathey-Tissot at Les Ponts-de-Martel in the canton of Neuchâtel in Switzerland. Mathey-Tissot is an independent watchmaker, with its headquarters in Geneva. It is not associated with Tissot, another Swiss watchmaking firm.
A Lanco watch with the futuristic Tissot Astrolon movement (caliber 2250) was also produced in the 1970s. During SSIH's financial problems in 1981, the Lanco brand name was sold. As of 1998, new Lanco watches are being sold in South Africa by S. Bacher & Company, under license from The Swatch Group.
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