Richemont To Invest in Watch Production Site Outside of Geneva

Compagnie Financiere Richemont announced Monday that it will invest $100 million Swiss Francs on a production site which will include watch making shops, training centers and research centers on watch technology.

The site is in the town of Meyrin outside of Geneva, home to famed watch houses such as Maison Roger Dubuis, Maison Van Cleef Arpels, Vacheron Constantin and Manufacture Stern, Genève 1898, all of which will have a division in the new site.

The investment by Richemont-which owns luxury companies such as Cartier and Vacheron Constantin-shows promise for the economy as well, the site is expected to have a total workforce of 900 by 2020 and staff hiring is already underway.

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via: 4-Traders

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.