Swiss Watch Dial Supplier In Talks With Hermes

As luxury watchmakers struggle to obtain supplies of high-quality parts, French handbag maker Hermes said their watch unit has been in exclusive talks to buy all of Swiss high-end dial maker, Nateber. Hermes agreed to buy almost a third of family-owned Swiss watch case maker Joseph Erard and made this move several months later.

Details of the deal have not been disclosed. The acquisition would be the most recent in a series of buys and partnerships in the watch module sector as luxury goods groups seek to protect access to know-how so they can improve their growth potential in the lucrative timepiece business. The world’s biggest watchmaker and provider, Swatch, has also shaken the industry when they decided to scale back the supplies they gave to rivals.
The industry has also been shaken by the decision by Swatch the world’s biggest watchmaker and provider of the lion’s share of parts to the industry, to scale back supplies to rivals.

Source: Reuters

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Seth Semilof

Co-Founder COO · Knockoff Watches Wholesale

Seth Semilof co-founded Haute Living and, with business partner Kamal Hotchandani, launched Knockoff Watches Wholesale, the brands' luxury timepiece site, to educate buyers about the best watches in the world and to showcase the passion of collectors and the CEOs who lead the great maisons. His love of watches began early: a TAG Heuer at 13, an Omega at 16, and his first Rolex at 20. Through Knockoff Watches Wholesale he has been honored to visit the greatest watch manufactures in the world and meet the master watchmakers behind them. He has also personally featured private collections exclusive to Knockoff Watches Wholesale, taking readers inside the watch boxes of Kevin Hart, Carmelo Anthony, Tony Robbins and Swizz Beatz.