Swiss watchmaker Frederique Constant has been acquired by Japan’s Citizen Watch Co. The price was not disclosed.
The acquisition, announced on May 26, is implemented under Citizen’s mid-term “Citizen Global Plan 2018.” The purchase of Frederique Constant is part of Citizen’s multi-brand strategy to complete its portfolio through the acquisition of Swiss watch manufacturers.
Citizen’s purchase of Frederique Constant will strengthen its brand portfolio and enable it to offer consumers a variety of accessible luxury watches. The purchase also includes Frederique Constant’s sister brands Alpina and DeMonaco.
The Japanese brand notes that Frederique Constant’s present management and staff will remain after the acquisition.