Alongside this minority shareholding in the capital of the renowned La Chaux-de-Fonds-based movement manufacturer, a strategic commercial agreement has been signed to offer new production and innovation capabilities to all LVMH group watchmakers.
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The LVMH Group’s Maisons have successfully collaborated with La Joux-Perret over the last few years. Since 2022, TAG Heuer has been working closely with the manufacturer on the development of a solar quartz movement, illustrating the expertise of “Swiss Made.” This innovation, which now features in its Aquaracer and TAG Heuer Formula 1 collections, has met with great success and illustrates the quality and momentum of the relationship between two partners committed to watchmaking excellence. The partnership also extends to the development of a movement that now powers the Rope watch by Tiffany&Co and it will continue to develop with other Maisons of the LVMH group.
The acquisition of a minority stake by the Group’s Watches Division, which brings together Hublot, TAG Heuer, and Zenith Maisons, in La Joux-Perret and the consolidation of their commercial partnership are part of a long-term plan to strengthen strategic ties with exceptional industrial partners and support the Group’s investments in Switzerland, at the heart of the watchmaking industry, where LVMH currently has 16 manufactures.
La Joux-Perret will continue to provide its unique expertise and customer service to its current and future clients, while remaining fully independent. Citizen Group, owner of La Joux-Perret as well as several watch brands, will also continue to operate the brands in its portfolio independently.
Jean-Christophe Babin, CEO of LVMH Watches Division
“We are pleased to strengthen our ties with La Joux-Perret. Their technical mastery, industrial excellence, and deep roots in the Swiss watchmaking landscape make it an ideal partner for our watchmaking Maisons. Together, we aim to lead the way in sustainable high-precision watch movements, leveraging our unmatched expertise in solar energy.”
Yoshitaka Oji, President & CEO of Citizen Watch Group
“We are delighted to welcome LVMH to the capital of La Joux-Perret and to celebrate the reinforcement of their commercial relationship. This strategic alliance with a key partner confirms the recognition of its expertise and opens new long-term development prospects. With this solidified partnership, La Joux-Perret will supply movements with outstanding performance and, together with the LVMH Group, contributes to the development of the Swiss watch industry.”
Based in La Chaux-de-Fonds and employing around 140 people, Manufacture La Joux-Perret is a benchmark in Swiss watchmaking subcontracting, specializing in the design and production of high- quality movements. Its expertise encompasses the development of automatic movements, complications, as well as high-precision solar quartz calibers. A supplier to some of the most prestigious watchmaking Maisons, the Manufacture combines tradition and innovation while controlling the entire value chain: from development to Uinal assembly, including the production and Uinishing of its own movements. Since its acquisition in 2012 by Citizen Group, Manufacture La Joux- Perret has beneUited from industrial stability and an international outlook, while preserving its Swiss identity and creative independence.
Wines and Spirits
A portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de Mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Newton, Bodega Numanthia, Ao Yun, Château d’Esclans, Château Galoupet, Joseph Phelps and Château Minuty.
Fashion and Leather Goods division
Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, RIMOWA, Patou, Barton Perreira and Vuarnet. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe, BeneUit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by Rihanna, Maison Francis Kurkdjian and OfUicine Universelle Buly.
Watches and Jewelry
Bulgari, Tiffany & Co., TAG Heuer, Chaumet, Zenith, Fred and Hublot.
Selective retailing & other activities
DFS, Sephora, Le Bon Marché, La Samaritaine, Groupe Les Echos-Le Parisien, Paris Match, Cova, Le Jardin d’Acclimatation, Royal Van Lent, Belmond and Cheval Blanc hotels.
