Sowind Group

Sowind Group
Industry Watchmaking
Founded 1988
Headquarters La Chaux-de-Fonds, Switzerland
Area served
 Worldwide
Key people
 François-Henri Pinault, Antonio Calce
Products Watches
Number of employees
 280

The Sowind Group is a Swiss Haute Horlogerie company founded by Luigi Macaluso and headed by François-Henri Pinault as its chairman since July 2011. Kering is the majority shareholder (50,1% stake, the Macaluso family retains a 49,9% share of the capital).[1] Michele Sofisti was named CEO of Sowind Group in August 2011.[2]

History

Based in La Chaux-de-Fonds, the Group incorporates the Girard-Perregaux and JEANRICHARD brands, a watch Manufacture that develops and produces a complete portfolio of high-end movements (more than 100 variations of existing movements) and collections of top-of-the-range watches.

Sowind Brands

Girard-Perregaux’s roots date back to 1791 and the company history is rich in innovations bringing together design and technology, like the renowned Tourbillon with Three Gold Bridges created by Constant Girard in the 19th century. It’s one of the last authentic Swiss watchmaking manufactures, designing and producing watches including their movements.

JEANRICHARD is a brand dedicated to Daniel JeanRichard (a pioneer of watchmaking in the Neuchatel region during the 17th century) and presents a young and innovative interpretation of the codes of traditional Swiss watchmaking.

Partnership with Kering

In June 2008, Sowind Group and Kering announced the signature of a long-term strategic partnership. Under the partnership, Kering owned a 23% interest in the Sowind Group, with the possibility of increasing its stake under the terms of a shareholders’ agreement. In July 2011, Kering became the majority shareholder of Sowind Group.[3]

Notes

  1. ↑ http://www.reuters.com/article/2011/07/04/ppr-sowind-idUKWEB833620110704?type=companyNews
  2. ↑ http://www.fhs.ch/en/news/news.php?id=879
  3. ↑ http://www.wwd.com/business-news/ppr-takes-majority-stake-in-sowind-group-3697023

See also

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