Franck Muller Owners End Yearlong Feud

The co-owners of popular Swiss luxury watch brand Franck Muller announced in October an agreement ending their yearlong feud. The reconciliation enables the company to proceed with plans for its initial public offering of stock (IPO) and expand production facilities at its headquarters in Genthold, Switzerland. Partners Franck Muller and Vartan Sirmakes—who launched the innovative luxury brand in the early 1990s—had been feuding since early 2003. The dispute led to several lawsuits and countersuits as well as public accusations between the two sides, and in 2003 Muller left the company named for him to start anew. In their joint statement released Oct. 22, Muller acknowledged "that allegations he had been led to state" against Sirmakes and the management team of the Franck Muller Group were "without basis," and withdrew them. He acknowledged "the worth and loyalty of his partner,
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