I was going to change the battery of my Fortis Colour watch when I remembered reading something about Fortis going under. I did some research and found out it has been taken over.
Basically, in 2017, Fortis Uhren AG came into a spot of financial difficulty. However in 2018, a German businessman, Mr. Yupp Philipp took over the company and it was renamed Fortis Watches AG.
Mr. Yupp Philipp works in the food industry and he has a personal interest in Fortis. It is understood that he has taken over the company and all its staff.
In line with the takeover, Mr. Philipp has appointed Mr. Lorenz Aebischer to manage Fortis Watches AG as its new CEO.
Mr. Aebischer has over 20 years experience in the industry having worked with Mido SA, Tissot SA and with Auguste Raymond before moving to Fortis Watches AG.
I wish Fortis all the best in its future undertakings.