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Timex Group acquires Vincent Bérard SA

October 2006


Timex Group B.V announces the acquisition of Vincent Bérard SA, an exclusive manufacturer of unique mechanical timepieces.

As part of the acquisition, Vincent Bérard will have access to the Timex global distribution arm, further extending his reach in new global markets.


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This partnership strengthens the portfolio of esteemed brands of Timex Group by offering consumers museum-quality handmade timepieces that will endure for generations.” said Joe Santana, president and chief executive officer of Timex Group B.V. “


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“By joining the Timex Group family of brands, I will be able to leverage the company’s international reach and global marketing capabilities, which will make my creations available to even more consumers throughout the world,” said Vincent Bérard.

Worldwide distribution of Vincent Bérard SA will begin in 2007 in Asia at exclusive retail stores.

About Vincent Bérard SA
Vincent Bérard SA was founded in 2003. Led by CEO Herbert Gautschi and located in the hills of La Chaux-de-Fonds, Switzerland, the company’s headquarters also serve as the center for inspiration for Vincent Bérard designs.

About Timex Group
The Timex Group of companies, with operations in 20 countries and sales in more than 60 counties, is one of the largest designers, manufacturers, marketers and distributors of watches in the world. Timex Group manufactures and distributes Timex, Ecko, Guess, Guess Collection, Nautica and Versace watches

Source: Vincent Bérard SA

www.vincentberard.ch

Contact : [email protected]