Frederique Constant SA was founded with a capital of 60.000 Swiss francs. The brand sold a thousand Swiss Made wristwatches produced by external partners in its first year. By the end of the year 2018 around 160.000 wristwatches will be produced and hopefully sold ...
This is the official statement published by LVHM last week:
... "LVMH Watchmaking Division announces new structure
Paris, September 21, 2018
After an extraordinary career spanning over 40 years in watchmaking, Jean-Claude Biver, together with LVMH, has decided to relinquish his operational responsibilities and assume the role of non-executive Chairman of the LVMH watchmaking division.
In Neuhausen - a suburb of Schaffhausen - IWC marries traditional watchmaking with state-of-the-art manufacturing methods and technologies. The new so called Manufakturzentrum (= manufacturing centre) was completed in just 21 months.
I invite you to tour through the new building with me. I have uploaded 116 pictures and written as many comments ... Have fun!