Swiss watch manufacturer
Tissot SA |
 Tissot's headquarters in Le Locle, Switzerland |
| Company type | Subsidiary |
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| Industry | Watchmaking |
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| Founded | 1853; 171 years ago (1853) |
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| Founders | Charles-Félicien Tissot
Charles-Emile Tissot |
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| Headquarters | Le Locle, Switzerland |
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Area served | 150 countries |
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Key people | Sylvain Dolla (CEO)
Georges Nicolas Hayek Jr. (chairman of the board) |
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| Products | Watches, timing devices and systems |
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| Revenue | €1.0 billion (2017) |
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Number of employees | 250 |
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| Parent | The Swatch Group |
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| Website | tissotwatches.com |
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Tissot SA (French pronunciation: [ti'so]) is a luxury 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]
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
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]
