Tissot

Last updated
Tissot SA
Company typeSubsidiary
Industry Watchmaking
Founded1853;171 years ago (1853) in Le Locle
FoundersCharles-Félicien Tissot
Charles-Emile Tissot
Headquarters Le Locle,
Switzerland
Area served
Worldwide
Key people
Sylvain Dolla (CEO)
Georges Nicolas Hayek Jr. (chairman of the board)
ProductsWatches, timing devices and systems
Revenue€1.0 billion (2017)
Number of employees
250
Parent The Swatch Group
Website tissotwatches.com

TissotSA (French pronunciation: [ti'so] ) is a Swiss watch brand owned by the Swatch Group. [1] The company was founded in Le Locle, Switzerland by Charles-Félicien Tissot and his son, Charles-Émile Tissot, in 1853. [2] [3]

Contents

Tissot is not associated with Mathey-Tissot, another Swiss watchmaking firm.

History

Independent company

Tissot was founded in 1853 by Charles-Félicien Tissot and his son Charles-Émile Tissot in the Swiss city of Le Locle, in the Neuchâtel canton of the Jura Mountains area. [2] The father and son team worked as a casemaker (Charles-Félicien Tissot) and watchmaker (Charles-Emile). His son having expressed an interest in watchmaking from a young age. The two turned their house at the time into a small 'factory'. [4] Charles-Emile Tissot left for Russia in 1858 and succeeded in selling their savonnette pocket watches across the Russian Empire. [5] Russia became Tissot's greatest market, with the brand gaining popularity even in the Tsar's court; so Charles Tissot, Charles-Émile's son, moved to Moscow in 1885 to manage the branch his father had set up there. [6]

Omega, SSIH, ASUAG, SMH

In 1929, the global financial collapse brought the entire watch industry to a standstill, and Omega and Tissot forged an alliance under the leadership of Paul Tissot-Daguette, who had been trained at Tissot and became Omega's chief executive officer in 1930. [7] The merger formed Société Suisse pour l'Industrie Horlogère (SSIH), [3] : 208  and Tissot-Omega watches from this era are sought after by collectors.

Tissot's first engagement as an official timekeeper was in 1938 where they timed a series of ski races in Villars-sur-Ollon, near the company's home town in the Jura mountains. Tissot was used for timing downhill skiing in Switzerland in 1938, and for the Davis Cup in 1957. [8]

SSIH-ASUAG was formed in 1983 (Allgemeine Schweizerische Uhrenindustrie Aktiengesellschaft, ASUAG, was a holding company supplying the watch industry), [3] : 208–209  then SMH (Société Suisse de Microélectronique et d’horlogerie; 1983–1985). [3] : 20–22 

Swatch subsidiary

SMH took the name of the Swatch Group in 1998. [3] : 20–22  Tissot SA remained in Le Locle, Switzerland, and marketed in 160 countries. Tissot watches are classified by the Swatch Group as "mid-range market" products. [9]

Tissot is an official timekeeper for the world championships in cycling, motorcycling, fencing and ice hockey, etc. Tissot was a sponsor for the Formula One car-racing teams Lotus, Renault, and Sauber. In the past handheld stopwatches were sufficient to provide official timings; in more recent times manufacturers and sporting bodies together develop more accurate systems for specific events. In competitive cycling, for instance, sensors are placed on the bikes and track, and linked by computers to provide track timings and performance data. [10]

Motto and slogan

Tissot store in Hong Kong HK Shang Shui Sheung Shui Shang Shui Guang Chang Landmark North mall shops November 2020 SS2 27.jpg
Tissot store in Hong Kong

The company motto/slogan of Tissot is "Innovators by Tradition" [11] and its mission statement is "gold value at silver price". [12]

Innovations

Tissot introduced the first mass-produced pocket watch as well as the first pocket watch with two time zones in 1853 and the first anti-magnetic watch, in 1929–30. [5] Tissot was also one of the first companies to manufacture an antimagnetic wristwatch in the early 1930s. [13] The Tissot company was also the first to make watches out of plastic (Idea 2001 in 1971), stone (the Alpine granite RockWatch in 1985), mother of pearl (the Pearl watch in 1987), and wood (the Wood watch in 1988). [2]

Tissot introduced its first tactile watch, with "T-Touch," technology in 1999; watches containing this technology have touch-sensitive sapphire crystals to control various functions including compass, barometer, altimeter and thermometer. The 2014 T-Touch Expert Solar and T-Touch Lady Solar had 25 functions. [14]

Marketing

Tissot has partnered with a wide range of celebrities from basketball players, actors, cricket players, to MotoGP racers to be their brand ambassadors. Tissot brand ambassadors have included: Tony Parker, Liu Yi Fei, Virat Kohli, Deepika Padukone, Huang Xiaoming, Jorge Lorenzo, Thomas Lüthi, Neha Kakkar, Marc Márquez and Rana Daggubati, Simon Gong Jun. [15] Tissot is also currently the official watch for the NBA. [16]

Clientele

Tissot watches have been worn by Catherine, Princess of Wales, Sarah Bernhardt, singer Carmen Miranda, Grace Kelly, and Nelson Mandela. [5]

James Stewart wore a Tissot watch in Rear Window . T-Touch watches have been worn by Angelina Jolie in the movies Lara Croft Tomb Raider: The Cradle of Life and Mr. & Mrs. Smith . Simon Pegg wore a T-Touch in Mission: Impossible – Rogue Nation .[ citation needed ]. Richard Roundtree appears to wear a Tissot PR 516 with steel rally bracelet in Shaft .

Sponsorships

Tissot has been the official timekeeper responsible for timing in several sports including MotoGP, the International Ice Hockey Federation, the Union Cycliste Internationale, the International Basketball Federation (FIBA), the International Fencing Federation, the Women's National Basketball Association, [17] for many years. In basketball it has sponsored the Swiss national team, [18] the Chinese Basketball Association, the NBA and other related events, teams, and organizations. On 20 November 2019 it was announced that Tissot would serve as the official timekeeper and results service for the 2022 World Games. [19]

See also

Related Research Articles

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References

  1. ↑ "Company Overview of Tissot SA". www.bloomberg.com. Retrieved 2019-02-04.
  2. 1 2 3 "Tissot: The Brand". Tissot. Archived from the original on 2 December 2014. Retrieved 10 December 2014.
  3. 1 2 3 4 5 Estelle Fallet (2002). The Story of a Watch Company (PDF). Tissot. ISBN   2-940333-00-9.
  4. ↑ "A LOOK BACK AT TISSOT." Montres Publiques, 07/26/2021, https://montrespubliques.com/new-1minute-reads/a-look-back-at-tissot
  5. 1 2 3 "Tissot Official Website: History". Tissot. Retrieved 2009-09-18.
  6. ↑ "Tissot watches, Innovation Since 1853". First Class Watches. Retrieved 26 September 2023.
  7. ↑ "From SSIH to Swatch Group: The rescue of the Swiss watch industry". Watchmaster. Retrieved 26 September 2023.
  8. ↑ "A Brief Tour of Tissot". Superwatchman. Superwatchman AB. Retrieved 26 September 2023.
  9. ↑ "Middle Range watches – (Tissot, Balmain, Certina, Mido, Hamilton, Calvin Klein)". The Swatch Group. Archived from the original on 22 April 2018.{{cite web}}: CS1 maint: unfit URL (link)
  10. ↑ "Cycling". Swiss Timing. Retrieved 26 September 2023.
  11. ↑ "Tissot — The "Innovator By Tradition"". Swiss Watch Brand. 2018-03-30. Retrieved 2019-02-04.
  12. ↑ "Tissot® official website". Tissot Watches. Retrieved 2022-09-10.
  13. ↑ "THE 1-MINUTE HISTORY OF ANTI-MAGNETIC WATCHES." Montres Publiques, 12/06/2019, https://montrespubliques.com/1minute-reads/the-1-minute-history-of-anti-magnetic-watches?rq=tissot
  14. ↑ "The New Tissot T-Touch Expert Solar". Anytime Watches. 14 November 2014.
  15. ↑ "Official Tissot Website – Meet our ambassadors". www.tissotwatches.com. Retrieved 2023-09-07.
  16. ↑ "NBA Renewal announcement 2021". www.tissotwatches.com. 20 October 2021. Retrieved 9 June 2023.
  17. ↑ "NBA, watchmaker Tissot announce multiyear partnership". ESPN. Retrieved 23 February 2016.
  18. ↑ FIBA EuroBasket 2017, FIBA.com, Retrieved 31 August 2017.
  19. ↑ Tissot Official Timekeeper of The World Games 2021, The World Games, Retrieved 16 July 2022
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