2023-06-23 15:51:35
The watch company Greubel Forsey is preparing to invest 20 million francs in the expansion of its workshops, the surface area of which will more than double. The work should last until 2026.
The expansion of the workshops, whose area will increase from 2,000 to 5,460 square meters, will make it possible to increase research and development capacities on the one hand and production on the other, writes the brand chaux-de-fonnière on Friday in a communicated. The operation will begin in the first quarter of 2024, on the occasion of the 20th anniversary of the company.
“The new building will wrap the existing structure, dating from 2009, while retaining the architectural characteristics specific to the whole”, declared Antonio Calce, general manager, quoted in the press release. Last March, the watch brand bought the 20% stake held by the luxury group Richemont.
Greubel Forsey was founded in 2004 by Robert Greubel and Stephen Forsey. The brand, known for its horological complications, is intended for very wealthy enthusiasts, the entry-level price being around 200,000 francs.
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