Citizen Watch Co., Ltd. announced on 26 May 2016 that it has entered into an agreement to acquire Frederique Constant Holding SA with its brands Frederique Constant, Alpina, and DeMonaco.
This way, Citizen continues the implementation of a multi-brand strategy aimed to complete its brand portfolio by acquiring Swiss brands. Citizen will have opportunity to expand the sales of Frederique Constant through the current distribution channels of Citizen branded watches, particularly in Japan
and the U.S.
The present management personnel and staff of the three acquired brands will continue to hold the same positions after this acquisition.