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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. [2] [3] [4] The Swatch Group is the largest watch company in the world and employs about 31,000 people in 50 countries. [5]
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Concord Watch Company is a Swiss luxury goods company that is part of the Movado group, which produces and distributes Movado, Ebel, Coach, and Hugo Boss-branded watches. Founded in 1908, Concord was purchased in 1970 by the North American Watch Company , which also distributed the Piaget and Corum lines of watches. [ 1 ]
In 1971, the company's annual production reached the historical peak of 220,000 watches. [4] During the quartz crisis of the 1970s, SSIH was forced to reduce its output by half and to sell off part of its assets. In 1975 SSIH transitioned Blancpain from watch brand to movement manufacturer for Omega and quartz pocket watch maker for Moeris.
Seiko Watch delegates the manufacture of some of its high-end quartz and spring drive watches (Seiko Astron, Grand Seiko, Credor, etc) to the Wearable Products Operations Division of Epson. Time Module (TMI), a member of the Seiko Group, was established in 1987 with funding from Seiko Watch Company, Seiko Instruments Inc., and Seiko Epson Corp ...
Corum was founded in 1955 in La Chaux-de-Fonds, Switzerland, by Gaston Ries and his nephew, René Bannwart. The first Corum watches were produced one year later. Soon after its establishment,Corum introduced a watch made out of a $20 gold coin, which was an instant best-seller. This became one of its signature pieces.
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