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{{Short description|Italian watch, jewellery, leather accessories corporate group}}
{{Infobox company {{Infobox company
| name = Binda Group | name = Binda Group
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| foundation = 1906 | foundation = 1906
| location = ], ] | location = ], ]
| key_people = Gianni Pieraccioni, <small>]</small><br />Marcello Binda, <small>Binda co-CEO</small><br />Simone Binda, <small>Binda co-CEO</small><br />Jeff Gregg, <small>Geneva CEO</small> | key_people = Gianni Pieraccioni, <small>]</small><br />Marcello Binda, <small>Binda co-CEO</small><br />Simone Binda, <small>Binda co-CEO</small><br /> Jeff Gregg, <small>Geneva CEO</small>
| area_served = World wide | area_served = Worldwide
| industry = Watch and jewelry manufacturing | industry = Watch and jewelry manufacturing
| products = ]es, jewelry and leather accessories | products = ]es, jewellery and leather accessories
| caption = | caption =
| revenue = {{profit}} €297 Million (2007) | revenue = {{profit}} €297 million (2007)
| operating_income = | operating_income =
| net_income = | net_income =
| num_employees = 2200<ref>http://www.bindagroup.com/CORPORATE/pressrelease.asp?ID=71</ref> | num_employees = 3200<ref>http://www.bindagroup.com/CORPORATE/pressrelease.asp?ID=71{{dead link|date=November 2016 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
| parent = | parent =
| subsid = | subsid =
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| footnotes = | footnotes =
}} }}
'''The Binda Group''' is an Italian ] and ] ] founded by ] in 1906, headquartered in ] and headed by brothers Marcello and Simone Binda, grandsons of the founder Innocente Binda. The company owns subsidiaries in eight countries (Italy, the United States, Brazil, the United Kingdom, Germany, Spain, Portugal and China) and has 50 distributors, serving more than 12,000 retailers worldwide. '''The Binda Group''' is an Italian ], ], ] accessories ] founded by ] in 1906, headquartered in ] and headed by brothers Marcello and ], grandsons of the founder.

==Organization== ==Organization==
Binda's three main business units are watches, jewelry and leather. It produces and distributes its own brands, including several companies. The group also licenses watch and jewelry brands from ] with brands ] and ], from ] with brands ] and ], from ] and from ]. In 1997, Binda acquired the distribution rights to ] and ] for the Italian market. It also distributes ] watches in Italy and upscale Glam Rock watches in the United States, Canada and Italy. The company owns subsidiaries in eight countries. Binda's three main business units are watches, jewellery and leather. It produces and distributes its own brands, including several companies. The group also licences watch and jewellery brands from ] with brands ] and ], from ] with brands ] and ], from ] and from ]. In 1997, Binda acquired the distribution rights to ] and ] for the Italian market.

Binda operates in more than 70 markets with approximately 400 employees worldwide, and ended 2007 with consolidated revenues of ]297 million and sales of approximately 5 million pieces. Its watches include those made in the Far East, retailing under $100 (75 euros), Swiss-made ones, averaging about $1,400 (1,000 euros), and complicated tourbillon watches, retailing above $184,000 (130,000 euros).<ref name=jck>{{cite web |title=Binda Acquires Geneva Watch Group |url=http://www.jckonline.com/article/CA6594587.html |publisher=Jewelers' Circular Keystone |date=2008-09-10}}</ref>
⚫ Breil Milano’s two brand ambassadors are Oscar-winning actress ] and movie star ].<ref name=jck />

==Geneva Watch Group==
On September 4, 2008, the Binda Group entered an agreement with private equity firm ] to acquire 100 percent of ''Advance Watch Group Ltd.'',<ref></ref> the U.S. watch and clock manufacturer doing business as ''Geneva Watch''.<ref name=geneavapr>{{cite web |title=The Italian Binda Group acquires US Geneva Watch Group |url=http://www.genevawatchgroup.com/press/09-04-2008_Binda_Aquisition.pdf |publisher=Binda Press Release |date=2008-09-04}}</ref><ref name=bindageneva>{{cite web |title=The Binda Group acquired US Geneva Watch Group |url=http://www.bindagroup.com/USA/pressrelease.asp?ID=63 |publisher=Binda}}</ref> Geneva Watch Group began producing timepieces in 1974 and is headquartered in New York. The company has around 1800 employees worldwide, split between locations in the US (300 in New York and Michigan) and the Far East (1500 in Hong Kong and China). The company makes and distributes its own ] brand ''Freestyle'' and also licenses brands from ], ], ], BCBG, ], ], ], ], ] and ].


During the year ending March 2008, Geneva recorded net revenues of US$192 million, and sold around 25 million watches. With the acquisition, Binda expects 2008’s total sale revenues to reach €450 million euros ($665 million).<ref name=bindageneva /> The company will be headed by Jeff Gregg, who will report to Gianni Pieraccioni, Binda Group ].<ref>{{cite web |title=Binda Group acquires Geneva Watch Group |url=http://www.nationaljewelernetwork.com/njn/content_display/watches/e3i187b1de8cecc50d0c83103bfefd6f128?inp=true |publisher=National Jeweler Network |date=2008-09-05}}</ref> Binda operates in more than 70 markets with approximately 400 employees worldwide, and ended 2007 with consolidated revenues of ]297 million and sales of approximately 5 million pieces. Its watches include those made in the Far East, retailing under $100 (75 euros), Swiss-made ones, averaging about $1,400 (1,000 euros), and complicated tourbillon watches, retailing above $184,000 (130,000 euros).<ref name=jck>{{cite web |title=Binda Acquires Geneva Watch Group |url=http://www.jckonline.com/article/CA6594587.html |publisher=Jewelers' Circular Keystone |date=2008-09-10 |url-status=dead |archiveurl=https://web.archive.org/web/20081201121522/http://www.jckonline.com/article/CA6594587.html |archivedate=2008-12-01 }}</ref>
⚫ Breil Milano’s two brand ambassadors are Oscar-winning actress ] and film actor ].<ref name=jck />


==Subsidiaries== ==Subsidiaries==
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The following companies are wholly owned subsidiaries of Binda Group: The following companies are wholly owned subsidiaries of Binda Group:
*], *],
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*], *],
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==External links== ==External links==
* *
*


==References== ==References==
<references/> <references/>


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Latest revision as of 08:31, 12 April 2024

Italian watch, jewellery, leather accessories corporate group
Binda Group
Company typeWatch Maker
IndustryWatch and jewelry manufacturing
Founded1906
HeadquartersMilan, Italy
Area servedWorldwide
Key peopleGianni Pieraccioni, Managing Director
Marcello Binda, Binda co-CEO
Simone Binda, Binda co-CEO
Jeff Gregg, Geneva CEO
ProductsWristwatches, jewellery and leather accessories
RevenueIncrease €297 million (2007)
Number of employees3200
Websitewww.bindagroup.com

The Binda Group is an Italian watch, jewellery, leather accessories corporate group founded by Innocente Binda in 1906, headquartered in Milan and headed by brothers Marcello and Simone Binda, grandsons of the founder.

Organization

The company owns subsidiaries in eight countries. Binda's three main business units are watches, jewellery and leather. It produces and distributes its own brands, including several companies. The group also licences watch and jewellery brands from Dolce & Gabbana with brands D&G Time and D&G Jewels, from Moschino with brands Moschino CheapAndChic and Love Moschino, from Ducati Corse and from Nike. In 1997, Binda acquired the distribution rights to Seiko and Lorus for the Italian market.

Binda operates in more than 70 markets with approximately 400 employees worldwide, and ended 2007 with consolidated revenues of €297 million and sales of approximately 5 million pieces. Its watches include those made in the Far East, retailing under $100 (75 euros), Swiss-made ones, averaging about $1,400 (1,000 euros), and complicated tourbillon watches, retailing above $184,000 (130,000 euros). Breil Milano’s two brand ambassadors are Oscar-winning actress Charlize Theron and film actor Edward Norton.

Subsidiaries

The Breil Milano logo apply on a special edition of Renault Modus

The following companies are wholly owned subsidiaries of Binda Group:

External links

References

  1. http://www.bindagroup.com/CORPORATE/pressrelease.asp?ID=71
  2. ^ "Binda Acquires Geneva Watch Group". Jewelers' Circular Keystone. 2008-09-10. Archived from the original on 2008-12-01.
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