cazalea[Seiko Moderator]
17169
Bought La Joux-Perret to protect Bulova & grow
Jun 06, 2016,06:33 AM
Bulova and Wittnauer, acquired in 2008, and Citizen's own watches together have captured a dominant share in the $300-1,000 range in the US.
Citizen needs movements for Bulova, and it wants to expand upwards into the next price range. And to do so efficiently.
"Unfortunately, our mechanical technology is quite far behind because we stopped developing it. We have a lot of catching up to do."
Toshio Tokura, CEO Citizen Holdings.
Taken from a handout provided in their booth; interview in WatchTime April 2016.
So yes, they made mechanical watches 40 years ago but they still make them on the same basis today. All their investment since Eco-Drive has gone into Quartz, while in the same time frame Seiko has spread its efforts in mechanical, spring drive, Quartz, etc.
Mike
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Las Vegas Jewelry & Watch Show Report, Part 1
By: cazalea : June 5th, 2016-14:26
Hi Gents and Ladies, I made a lightning visit to Las Vegas this weekend. Flew in, slept very little, walked 16000 steps around the conference hall, and flew home. As I am still baffled by the whole thing, please excuse my possibly confusing report. I norm...
Yep, one of five
By: cazalea : June 5th, 2016-14:54
Get your order in. Here's the back, not a good shot but still ... ...
Las Vegas Jewelry & Watch Show Report, Part 2
By: cazalea : June 5th, 2016-14:53
I left you at the Speake-Marin booth, where we had a chat and looked at a few watches, all of which have been reported here before. He's become a "brand" rather than just a nice guy with a case of watches. The same booth is where I found the L. Kendall wa...
Las Vegas Jewelry & Watch Show Report, Part 3
By: cazalea : June 5th, 2016-15:22
Hi folks, thanks for hanging in here with me. You better take off your shoes, as your feet will be swelling up as we keep walking. I wandered through miles of diamonds, bracelets, brooches, and pretty girls who wanted to sell me eye cream to take away wri...
Citizen already has a large knowledge-base of mechanical movements
By: MTF : June 5th, 2016-15:49
Thanks for the trek, Mike. Hey! The Mike Trek. You noted that Citizen bought Frederique Constant, Arnold & Son, etc to gain knowledge of mechanical watchmaking. Like all older watch brands, Citizen already has heritage in mechanical watchmaking. In fa...
Bought La Joux-Perret to protect Bulova & grow
By: cazalea : June 6th, 2016-06:33
Bulova and Wittnauer, acquired in 2008, and Citizen\'s own watches together have captured a dominant share in the $300-1,000 range in the US. Citizen needs movements for Bulova, and it wants to expand upwards into the next price range. And to do so effici...
Citizen jus
By: iceheller 1945 ✌️ : June 6th, 2016-09:38
Swallow up FC, alpina and etc recently...
Have you had a chance...
By: KMII : June 14th, 2016-08:23
To try on the Eco Drive One? I have read several reports on the piece and was certainly intrigued - just wanted to see what your live impressions were
Outstanding report!
By: mkvc : June 30th, 2016-09:43
Not only for the watches, but for the sense of fun and discovery! Congratulations on the 16K steps.
Looking forward to Part 2!
By: jrwong23 (aka watchthebin) : June 5th, 2016-20:39
I am sure we will see more watches in the later parts Great pics , thanks for the report Cheers Robin
Nice coverage! Too Many Watch Shows with not much to offer
By: Yanir : June 30th, 2016-07:33
I have been to the JCK and couture as an exhibitor for the past 13 years. For the first time this year I did not exhibit (our new brand, DeNovo Swiss, will debut next month) The traffic this year was poor, and from what I could tell the Swiss section at t...