The watch brand Greubel Forsey has bought out its own shares held by the luxury group Richemont. Details of the transaction were not disclosed.
“This independence will allow us to define the next stages of development of maturity in complete freedom”, indicated the general manager Antonio Calce, quoted in the press release of the small manufacture in Chaux-de-Fonnière.
Richemont, owner of Cartier and Piaget in particular, held 20% of the brand.
Greubel Forsey was founded in 2004 by Robert Greubel and Stephen Forsey. The brand, known for its horological complications, is intended for very wealthy enthusiasts, the entry-level price being around 200,000 francs. /ATS
