The Mondaine Watch owners have purchased the remaining 50 percent share from founding partner Barry Cohen
Ronnie Bernheim and Andre Bernheim, brothers and owners of Swiss watch manufacturer Mondaine Watch Ltd., have become the sole shareholders of Luminox.
They purchased a 50 percent share of the business in 2006 and have now purchased the other 50 percent from founding partner Barry Cohen.
“I founded Luminox in order to introduce self-powered illuminated watches to consumers,” said Cohen in a statement. “I take great pride in having achieved something rarely accomplished, producing truly innovative Swiss-made watches which are globally distributed and recognized as the best in class. I wish both Andre and Ronnie great success in taking Luminox forward.”
The Bernheims will unveil their new vision for the brand at the Baselworld Watch Fair in March 2017.
“We have great concepts and products under development which we strongly believe will take the brand to a much higher level, even with the difficult nature of the industry at the moment,” said Andre Bernheim in a statement.