We have information that Chanel acquired a 20% stake in Montres Journe SA. This is good news for F.P.Journe, and for the many fans of the master watchmaker, for several reasons.
The French luxury group owned by the Wertheimer brothers has a reputation for respecting the companies in which it invests. When Chanel brought funds in brands like Bell & Ross or Romain Gauthier, it never interfered with their image, vision and goals.
This move guarantees to F.P.Journe its independence — a fundamental value for a watchmaker that has always demonstrated not to accept compromises in terms of quality — while competing at the top of Haute Horlogerie with larger-sized companies.
A big partner like Chanel makes the brand more resistant in case of a downturn of the economy.
We also believe that the arrival of Chanel demonstrates the attention of Mr. Francois-Paul Journe in guaranteeing the continuity of the operations of Montres Journe SA even after he will retire — in a far future, we all hope — so preserving an exceptional watchmaking heritage.
Master watchmaker and constructor François-Paul Journe began training at the watchmaker’s school in his native city of Marseille at the age of fourteen, then completing his studies in Paris and training with his uncle in a renowned workshop located at the heart of the craftsmen’s district in Saint-Germain-des-Prés.
Fascinated by the great watchmakers of the 18th century, like Abraham-Louis Breguet and Antide Janvier, he began the construction of his first tourbillon pocket-watch at the age of twenty.
In 1994, François-Paul Journe started designing his vision of contemporary watchmaking and presented, in 1999, a collection of wristwatches signed F.P.Journe with the Latin wording – Invenit et Fecit – meaning “invented and made”.
His creations have been honoured by the most prestigious international watch awards. fpjourne.com