LVMH’s watch division has taken a minority stake in La Joux-Perret because it deepens cooperation with the Swiss watch motion producer, the French luxurious group stated on Wednesday.
The partnership features a business settlement geared toward enhancing manufacturing and innovation for LVMH’s watch manufacturers, which embody TAG Heuer, Hublot, and Zenith.
La Joux-Perret will stay totally unbiased and proceed serving purchasers, whereas Citizen Group retains possession of its watch manufacturers, the businesses stated in a press release.
“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,” Jean-Christophe Babin, CEO of LVMH Watches, stated in the assertion.
The firms have been collaborating on photo voltaic quartz actions for TAG Heuer since 2022 and the event of a motion that powers Tiffany & Co.’s Rope watch.
LVMH’s Watches & Jewellery division final month reported €7.41 billion ($8.64 billion) in income for the primary 9 months of 2025, an natural enhance of 1 % in comparison with the identical interval final 12 months.
By Jérôme Terroy, Leo Marchandon
Learn extra:
Swiss Billionaires Pivotal in Wooing Trump Ahead of Tariff Deal
Billionaires from Richemont and Partners Group, efficiently leveraged their affect and private relationship with Donald Trump to push Switzerland nearer to a deal that might considerably scale back US tariffs on Swiss exports.
Disclosure: LVMH is a part of a gaggle of buyers who, collectively, maintain a minority curiosity in The Business of Fashion. All buyers have signed shareholders’ documentation guaranteeing BoF’s full editorial independence.