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government-trade
government-trade

Hermès in Talks to Buy Watch Dial Maker

The supplier, Natéber SA, is based in Switzerland.

KEEPING TIME: Hermès said it is in discussions to acquire its supplier, Natéber SA, a high-end watch dial manufacturer based in Switzerland, through its watchmaking subsidiary, La Montre Hermès. An acquisition would further secure the company’s supply chain, which has been suffering from a production bottleneck in recent months due to high demand for luxury watches in emerging markets, as reported. In September 2011, La Montre Hermès acquired a 32.5 percent stake of Swiss watch case maker Joseph Erard Holding.