Citizen Watch Company says it could acquire additional luxury watchmakers

Citizen Watch Company chief executive Toshio Tokura.

Citizen Watch Company’s chief executive says he remains open to acquiring more watch brands following the take over of Bulova, Frederique Constant, Alpina and Arnold & Son in recent years.

In an interview with Bloomberg, Toshio Tokura said he will consider buying luxury watchmakers selling pieces upwards of 2 million yen (£18,400) at a time when the market for less expensive models is getting tougher.

“We have to look at the total picture and see what makes sense for us,” Mr Tokura said. “It could be high-end, it could be another range.”

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He declined to mention any specific brands or any time frame for the strategy.

 

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