A French fashion house, Louis Vuitton, a part of the LVMH conglomerate, has announced the acquisition of the Geneva-based watchmaking workshop, La Fabrique du Temps. The company from Switzerland is renowned for designing and making exceptional movements, like the Minute Repeater and the Tourbillons. It was founded in 2007, and ever since the opening, it has been cooperating with Louis Vuitton.
Best known for their iconic purses and luggage, Louis Vuitton started manufacturing watches in 2002. Since then, the French firm has built quite a reputation in producing timepieces, especially for its Tambour watches. As it is noted in the brand’s official statement, the latest acquisition reflects the company’s desire to insure the highest standards for its products and to additionally develop its know-how in the production of movements.
Luis Vuitton bought the Swiss watchmaking workshop for an undisclosed amount of money. Despite the takeover, La Fabrique de Temps will still supply other watch manufacturers. Luis Vuitton is a part of the French conglomerate LVMH that owns some other famous watch brands, such as Hublot, TAG Hauer and Zenith.