7.29.2006
Audemars Piguet Expands in Le Brassus
Audemars Piguet has earmarked 30 million Swiss Francs (approx. $24.5 million) for its Le Brassus factory, located in the Canton of Vaud. "We are planning a complete reorganisation, from component manufacturing to the finished watch," said Georges-Henri Meylan, the company’s CEO.Audemars Piguet is expanding on all horizons. The company has recruited approximately 250 employees over the last three years to service its different markets around the world. It has ten or more subsidiaries, the most recent of which has just opened in Spain. "Europe and Asia respectively account for nearly 40% of our sales, and the United States – growing rapidly – the remaining 20%".
Having produced 25,000 pieces last year, an increase of 25% compared to 2004, Audemars Piguet recorded "an excellent financial year". Its turnover exceeded 300 million Swiss Francs (approx. $245 million).
