La Montre Hermès - Stake In Joseph Erard Holding

At the end of September, La Montre Hermès announced the acquisition of a 32.5% stake in the capital of Joseph Erard Holding.

Joseph Erard, a watch case manufacturer, has for many years enjoyed a fruitful business relationship with its new shareholder. Through this acquisition, La Montre Hermès intends to continue its development while strengthening its preferential access to an essential component.

October 25, 2011