Renowned French watch brand Saint Honore has been acquired by leading distributor of licensed watches, International Luxury Group (ILG).
As part of the acquisition, ILG now owns two state-of-the-art manufacturing facilities in La Chaux-de-Fonds, Switzerland and Charquemont, France. This will allow the company to control the whole production chain, from design to distribution.
“Saint Honore is the perfect addition to the International Luxury Group’s growing portfolio of brands. Our shared values and singular vision for the future has put us on the fast track of growth, where the brand would continue to inspire contemporary designs that reflect Swiss ingenuity and Parisian candor” said Naresh Chainani, group CEO of International Luxury Group.
Saint Honore’s CEO, Thierry Fresard, who will continue in his role, was equally enthusiastic about the future: “The future ahead for Saint Honore holds great promise. I am confident that with ILG, the brand will bolster its global status and continue on its quest for new movements and innovation while staying true to its rich watchmaking heritage.”