Binda Group

Last updated
Binda Group
Company typeWatch Maker
IndustryWatch and jewelry manufacturing
Founded1906
Headquarters Milan, Italy
Area served
World wide
Key people
Gianni Pieraccioni, Managing Director
Marcello Binda, Binda co-CEO
Simone Binda, Binda co-CEO
Jeff Gregg, Geneva CEO
Products Wristwatches, jewellery and leather accessories
RevenueIncrease2.svg €297 million (2007)
Number of employees
3200 [1]
Website www.bindagroup.com

The Binda Group is an Italian watch, jewellery, leather accessories corporate group founded by Innocente Binda in 1906, headquartered in Milan and headed by brothers Marcello and Simone Binda, grandsons of the founder.

Contents

Organization

The company owns subsidiaries in eight countries. Binda's three main business units are watches, jewellery and leather. It produces and distributes its own brands, including several companies. The group also licences watch and jewellery brands from Dolce & Gabbana with brands D&G Time and D&G Jewels, from Moschino with brands Moschino CheapAndChic and Love Moschino, from Ducati Corse and from Nike. In 1997, Binda acquired the distribution rights to Seiko and Lorus for the Italian market.

Binda operates in more than 70 markets with approximately 400 employees worldwide, and ended 2007 with consolidated revenues of 297 million and sales of approximately 5 million pieces. Its watches include those made in the Far East, retailing under $100 (75 euros), Swiss-made ones, averaging about $1,400 (1,000 euros), and complicated tourbillon watches, retailing above $184,000 (130,000 euros). [2] Breil Milano’s two brand ambassadors are Oscar-winning actress Charlize Theron and film actor Edward Norton. [2]

Subsidiaries

The Breil Milano logo apply on a special edition of Renault Modus Breil Milano badge (Renault Modus).jpg
The Breil Milano logo apply on a special edition of Renault Modus

The following companies are wholly owned subsidiaries of Binda Group:

Related Research Articles

The Swatch Group Ltd is a Swiss manufacturer of watches and jewellery. The company was founded in 1983 by the merger of ASUAG and SSIH to move to manufacturing quartz-crystal watches to resolve the quartz crisis threatening the traditional Swiss watchmaking industry.

Timex Group USA, Inc. is an American global watch manufacturing company founded in 1854 as the Waterbury Clock Company in Waterbury, Connecticut. In 1944, the company became insolvent but was reformed into Timex Corporation. In 2008, the company was acquired by Timex Group B.V. and was renamed Timex Group USA.

<span class="mw-page-title-main">Festina</span> Spanish watch maker

Festina is a Spanish watch conglomerate. In 1985, businessman Miguel Rodríguez acquired Festina, a brand founded in Switzerland in 1902, thus forming the Festina-Lotus Group.

<span class="mw-page-title-main">Fossil Group</span> American designer and manufacturer of accessories

Fossil Group, Inc., is an American fashion designer and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.

Compagnie Financière Richemont S.A., commonly known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells jewellery, watches, leather goods, pens, firearms, clothing, and accessories. Richemont is publicly traded as CFR on the SIX Swiss Exchange and the JSE.

<span class="mw-page-title-main">Cartier (jeweler)</span> French luxury goods conglomerate owned by Swiss Richemont Group

Cartier International SNC, or simply Cartier, is a French luxury-goods conglomerate that designs, manufactures, distributes, and sells jewellery, leather goods, and watches. Founded by Louis-François Cartier (1819–1904) in Paris in 1847, the company remained under family control until 1964. The company is headquartered in Paris and is a wholly owned subsidiary of the Swiss Richemont Group. Cartier operates more than 200 stores in 125 countries, with three Temples in Paris, London, and New York City.

<span class="mw-page-title-main">Titan Company</span> Indian multinational watch manufacturing company

Titan Company Limited is an Indian company that mainly manufactures luxury fashion accessories such as jewellery, watches and eyewear. Part of the Tata Group and started as a joint venture with the TIDCO, the company has its corporate headquarters in Electronic City, Bangalore, and registered office in Hosur, Tamil Nadu.

<span class="mw-page-title-main">Bulgari</span> Italian luxury fashion house

Bulgari is an Italian luxury fashion house founded in 1884 and known for its jewellery, watches, fragrances, accessories, and leather goods.

<span class="mw-page-title-main">Skagen Denmark</span> Brand, initially of watches, of Skagen Designs Ltd. (a subsidiary of Fossil)

Skagen Denmark is an American brand, initially of watches, of Skagen Designs Ltd., that has grown into being a wider American contemporary accessories brand based on Danish design. As of spring 2015, its product lines include watches, handbags, jewelry, and other durable personal goods, the majority of which aimed at the mid-range. Named for Skagen, a Jutland peninsula and Denmark's northernmost town, Skagen Designs Ltd. was purchased in 2012 by Fossil, for stock and cash in transaction totaling approximately US$237 million, and it continues to operate as a wholly owned subsidiary under its parent, continuing the traditional brand name Skagen Denmark. Starting in New York, then in Lake Tahoe and Reno, Nevada, Skagen Designs Ltd. operations are overseen from Richardson, Texas, near Dallas, in the United States.

<span class="mw-page-title-main">Damiani (jewelry company)</span> Italian luxury jewelry corporate group

Damiani S.p.A or Damiani Group, is an Italian luxury jewelry corporate group that designs, manufactures, distributes and sells jewelry and luxury watches. It was founded in Italy in 1924. The company uses celebrity endorsements to market its products. In the early 2000s the company had a dispute with Brad Pitt and Jennifer Aniston regarding the use of their names and wedding ring designs. The dispute was settled for $50 million and the couple helped Damiani create and market a line of products. Damiani expanded across Asia and the US. It went public in 2007 and its most well-known jewelry product brands are Calderoni, Salvini, Alfieri & St. John and Bliss.

<span class="mw-page-title-main">Folli Follie</span> Greek jewelry company

Folli Follie is a Greek-based international company which designs, manufactures and distributes luxury jewellery, watches and fashion accessories.

<span class="mw-page-title-main">Hublot</span> Swiss luxury watchmaking company

Hublot is a Swiss luxury watchmaker founded in 1980 by Italian Carlo Crocco. The company operates as a wholly owned subsidiary of the French luxury conglomerate LVMH.

Graff is a British multinational jeweller based in London. It was founded by British jeweller Laurence Graff in 1960. A vertically integrated company, Graff operations comprise the design, manufacture and retail distribution of jewellery and watches.

Harry Winston, Inc. is an American luxury jeweler and producer of Swiss timepieces. The company was founded in 1932 as Harry H. Winston Jewels, Inc. and changed its name to Harry Winston Inc. in January 1936. The company is named after its founder, Harry Winston, who was called by many as the "King of Diamonds".

Michael Hill International Ltd. is a speciality retailer of jewellery. As of April 2023, it operates 281 stores in Australia, New Zealand and Canada. The Group employs approximately 2,600 permanent employees. The company's headquarters are in Brisbane, Australia.

Breil is an Italian luxury company of Binda Group. Its products include watches, jewels, eyewear, fragrances, and leather accessories.

Morellato Group is an Italian corporate group that designs and manufactures design jewellery and watches. The group's parent company was founded by Giulio Morellato initially in Bologna and later was moved to near Padova.

<span class="mw-page-title-main">Emperor Group</span> Group of company in Hong Kong

Emperor Group is a diversified group of companies founded by Albert Yeung in Hong Kong. Albert Yeung's father, Mr Yeung Shing, opened a watch shop named "Shing On Kee Watch Shop" in 1942, setting the business foundation. Six companies within the Group are listed on the Main Board of The Stock Exchange of Hong Kong. These include Emperor International Holdings Limited, which focuses on real estate investment and property development; Emperor Watch and Jewellery Limited, which specializes in the retail of luxury watches and fine jewellery; Emperor Entertainment Hotel Limited, which concentrates on hotel and gaming businesses in Macau; Emperor Capital Group Limited, which provides a wide range of financial services; and Emperor Culture Group Limited, which principally engages in entertainment, media and cultural development business; and Ulferts International Limited, which is engaged in chain retailing of upmarket European furniture; and New Media Lab Limited ,which provides one-stop integrated digital advertising solutions.

Hodinkee, stylized as HODINKEE, is a New York City-based watch website, known as an influential editorial and e-commerce site for new and vintage wristwatches. Founded in 2008, the name comes from the Czech and Slovak word for wristwatch, “hodinky”.

References

  1. http://www.bindagroup.com/CORPORATE/pressrelease.asp?ID=71%5B%5D
  2. 1 2 "Binda Acquires Geneva Watch Group". Jewelers' Circular Keystone. 2008-09-10. Archived from the original on 2008-12-01.