Hermes moves to secure watch component supplies

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Luxury house buys Swiss watch dial maker and launches its own calibre.

French luxury house Hermes is in exclusive talks to buy Swiss watch dial maker Nateber, the company has revealed in a trading statement.

The discussions come hot on the heels of Hermes’s watch unit acquiring one-third of watch case maker Joseph Erard, a family run Swiss business.

The company has also revealed that it will use a new automatic movement developed by Vaucher Movement Manufacture, a company in which Hermes is a major shareholder, in its 2012 Dressage collection, which is launching at Baselworld this week.

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The H1837 automatic calibre is being described as one of the most significant launches in 100 years of watch making at Hermes. “It is the beginning of a new venture for us, as we can now move forward with adding small complications on to this movement,” said Luc Perramond, CEO of Montres Hermès.

Luxury watch makers are working to secure supplies of crucial watch components in response to reports that Swatch Group, the world’s biggest watchmaker and components supplier to the industry, plans to scale back supplies to rivals.

 

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