CITIZEN WATCH CO., LTD. TO ACQUIRE FREDERIQUE CONSTANT GROUP
May 26, 2016 Citizen Watch Co., Ltd. Citizen Watch Co., Ltd. (Head Office : Tokyo, Japan) announced today that it has entered into an agreement to acquire Frederique Constant Holding SA (Head Office : Genève, Switzerland). Under the mid-term business plan, “Citizen Global Plan 2018”, Citizen is implementing a multi-brand strategy and seeking to complete its brand portfolio by acquiring Swiss brands. This particular acquisition will enable Citizen Watch Co., Ltd. to strengthen its brand portfolio, offering consumers a variety of products ranging from accessible timepieces to Accessible Luxury watches. Frederique Constant Holding SA brings the brands Frederique Constant, Alpina,…