Joseph Erard Holding and La Montre Hermès SA are delighted to announce the 32.5% stake acquired by the latter in the Joseph Erard Holding company.

This strategic rapprochement stems from the fruitful historical relations between the two firms. Florence Erard, Chairwoman of the Board of Directors of Joseph Erard Holding, said: “We are delighted to welcome La Montre Hermès in the share capital of Joseph Erard Holding. Hermès is a prestigious House and a traditional customer with which we share the same values. This rapprochement enables us to consolidate our capital and to ensure the continuity of our family company.”

Guillaume de Seynes, Chairman of the Board of Directors of La Montre Hermès SA, said: “This newly acquired stake in Joseph Erard Holding gives us the opportunity to pursue the development of our watchmaking expertise while reinforcing our privileged access to an essential component within a context of strong growth for the Hermès Group’s watchmaking activities. We are delighted to be thus strengthening our longstanding ties with the Joseph Erard Holding company.”

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