Citizen Watch Co., Ltd. (Headquarters: Nishi-Tokyo City, Tokyo; President: Yoshitaka Oji) announces that its subsidiary, Manufacture La Joux-Perret S.A. (Headquarters: La Chaux-de-Fonds, Switzerland), has accepted investment from LVMH Moët Hennessy Louis Vuitton SE (Headquarters: Paris, France; hereinafter referred to as the LVMH Group).

La Joux-Perret S.A. is located in La Chaux-de-Fonds, the heart of the Swiss watch industry. The company develops a wide variety of movements in-house, and is highly regarded for its outstanding capabilities for product design and development as well as manufacturing.
In 2012, it became part of the Citizen Group and has since developed high-precision solar quartz movements in addition to traditional mechanical movements. It is a key partner for many Swiss and international watch brands.

Since 2022, La Joux-Perret S.A. has been providing high-precision solar quartz movements to brands owned by the LVMH Group (TAG Heuer, Tiffany & Co.). This relationship will be strengthened, and extended to other watch brands of the Group. It has also been decided that La Joux-Perret will accept investment from the LVMH Group. This strategic alliance will reinforce the growth and long-term relationship between the two groups. For the LVMH Group, it guarantees a continuous supply of high-quality movements and establishes a long-term partnership with major Swiss watch manufacturers. For Citizen Group, it recognizes the value of its movement portfolio, enhances La Joux-Perret’s reputation and standing within the industry, and opens new growth prospects.

Moving forward, both companies will continue to collaborate and work towards the development and enhancement of the watch industry.

■Yoshitaka Oji, President & CEO of Citizen Group, states:
“We are delighted to welcome LVMH to the capital of La Joux-Perret and to celebrate the reinforcement of their commercial relationship. This strategic alliance with a key partner confirms the recognition of its expertise and opens new long-term development prospects. With this solidified partnership, La Joux-Perret will supply movements with outstanding performance and, together with the LVMH Group, contributes to the development of the Swiss watch industry.”

■Jean-Christophe Babin, CEO of LVMH Watch Division, adds:
"We are pleased to strengthen our ties with La Joux-Perret. Their technical mastery, industrial excellence, and deep roots in the Swiss watchmaking landscape make it an ideal partner for our watchmaking Maisons. Together, we aim to lead the way in sustainable high-precision watch movements, leveraging our unmatched expertise in solar energy.”

■About La Joux-Perret:
Based in La Chaux-de-Fonds and employing around 140 people, La Joux-Perret is a Swiss subcontractor renowned for designing and producing high-quality movements. Its expertise covers automatic movements, complications, and high-precision solar quartz calibers. Supplying some of the most prestigious watch brands, it combines tradition and innovation while controlling the entire value chain: from development to final assembly, including manufacturing and decorating its own movements. Since its acquisition by Citizen Group in 2012, La Joux-Perret benefits from industrial stability and international openness while preserving its Swiss identity and creative independence.

■About LVMH Group:
LVMH Moët Hennessy Louis Vuitton is present in the Wines & Spirits sector through brands including Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de Mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Newton, Bodega Numanthia, Ao Yun, Château d’Esclans, and Château Galoupet, Joseph Phelps, and Château Minuty. The Fashion and Leather Goods sector includes the brands Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, RIMOWA, Patou, Barton Perreira, and Vuarnet. LVMH is present in the Perfumes and Cosmetics sector with the brands Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Parfums Loewe, Benefit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by Rihanna, Maison Francis Kurkdjian, and Officine Universelle Buly. The Watches & Jewelry business group consists of the brands Bulgari, TAG Heuer, Tiffany & Co., Chaumet, Zenith, Fred, and Hublot. LVMH is also active in selective retailing and other activities through DFS, Sephora, Le Bon Marché, and La Samaritaine, Groupe Les Echos-Le Parisien, Paris Match, Cova, Le Jardin d’Acclimatation, Royal Van Lent, Belmond and Cheval Blanc hotels.