Here is the press release from the folks at Moser AG -
Press
release
Neuhausen am Rheinfall, September 28 2012
Swiss
investors group takes over the companies of the Moser Group
Moser Group AG announces today, that an agreement has
been reached with a Swiss investors group to
take over the operational companies of the Moser Group. Consequently, the
independence of the watch manufacture H.Moser & Cie. and Precision
Engineering AG, a specialised manufacturer of escapement components, has been
secured. Business operations will be continued by the existing teams, supported
by the already involved industry consultants.
In order to make this solution possible and to
guarantee continuity with shareholders, the previous majority shareholder
agreed to acquire a minority interest, but he will not play any active role
within the company.
The board of directors is convinced that the companies
of the Moser Group, thanks to the now secured financial basis, now do have all
the necessary requirements for a promising future.
does industry is making any thing cheaper but with elegant desings.because many people dont afford the luxury watches they are having high prices.
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