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In the late 1970s, Paul Vogel who inherited the company from his father came back to Europe and decided to sell the Solvil et Titus brand. The European activities became part of Swiss Ebel while the Asian activities and all the watch brands themselves were sold to Hong Kong entrepreneur Joseph Wong and are now part of Stelux Holdings.
1899: Upon his death, Léon Gallet bequeaths a sum of 43,000 Swiss Francs (today equivalent to approx. 1,000,000 US dollars) to the town of La Chaux-de-Fonds, of which 25,000 Swiss Francs is used for the construction of the Musée international d'horlogerie (International Museum of Watch Making).
The "Watch Valley" covers all the Swiss Jura Arc, from Geneva to Basel, and is the primary location of the Swiss watch-making industry.Beginning initially in 15th century Geneva, the cradle of the European time keeping industry, and spreading north east through the Jura Mountains, the great majority of the companies related to the Swiss watch-making industry were first established.
Federation of the Swiss Watch Industry: 1982 Bienne: Jean-Daniel Pasche Fortis (Swiss watchmaker) 1912 [1] Grenchen [1] Walter Vogt [1] Grenchen 40 Privately held company: Owner and CEO - Jupp Philipp Franck Muller: 1992 Geneva: Private company Franck Muller Frédérique Constant SA: 1988 Aletta and Peter Stas Geneva: Subsidiary of Citizen Holdings
ETA SA Manufacture Horlogère Suisse (ETA SA Swiss Watch Manufacturer) designs and manufactures quartz watches and both hand-wound and automatic-winding mechanical ébauches and movements. Commonly referred to as ETA , the company is headquartered in Grenchen , Switzerland , and is a wholly owned subsidiary of The Swatch Group .
Eventually, both ASUAG and SSIH faced amalgamation: thus, in 1983 “GWC General Watch Co.” and its affiliated watch brands and factories, were merged with its parent company ASUAG, together with SSIH, creating the ASUAG/SSIH entity, later renamed SMH (the Swatch Group since 1998) under the patronage of the Swiss Banks that were at the time ...
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