Victorinox + Wenger = Victorinox
Today we received a press release from Victorinox stating that the daugther company and competitor Wenger will be fully integrated under the Victorinox brand.
Here is the press release from Victorinox:
Press Release Ibach, January 30, 2013
Victorinox joins forces and integrates Wenger knife business
Eight years ago, the family-owned Swiss company Victorinox took over the long-established company Wenger, headquartered in Delémont, and has since managed it as a standalone subsidiary. Now Victorinox will integrate Wenger's knife business. This move eliminates duplication in the product range, responds to increased market demand and strengthens its competitive position internationally. In the future, Victorinox knives will also be made in Delémont and all employees will keep their jobs. In 2005, Victorinox bought the long-established Wenger company in order to keep it in Swiss hands. Since then, Wenger has operated as an independent entity, sometimes in competition with Victorinox. Both companies have asserted themselves on the highly competitive international market.
Now Victorinox has decided to integrate the Wenger knife business. «Many consumers can hardly distinguish between the knife products from Victorinox and Wenger and the global fight for survival is getting increasingly fierce. That's why we are joining forces and focusing on one brand: Victorinox." says Carl Elsener, CEO of Victorinox.
The site in Delémont will be maintained. An assortment from the Wenger knife collection will be produced going forward under the brand name Victorinox. Wenger's watch and licensing business will continue. The Wenger branch in the US will be merged with the existing Victorinox headquarters based in Monroe (Connecticut).
With this move, Victorinox is looking to still better utilize its distribution strength. Competition requires clear strategic positioning, as well as the concentration of investments in products, product range and distribution. Consumers in turn expect a unique brand promise.
Peter Hug, CEO of Wenger: "We regret of course that we will no longer be producing Wenger knives in the future. The concentration of forces will allow the group to grow within the global competitive environment, to enhance the product range and to strengthen the Delémont site in the long term. So we are taking this step from a position of strength."
With the incorporation of the Wenger knife business, Victorinox is able to retain many years of experience in the areas of development and production from its well-established subsidiary. Together with its existing watch production in Porrentruy, the Victorinox Group remains a major employer in the canton of Jura.
For further information, please contact: Urs Keiser, Media Spokesperson Victorinox AG
Phone + 41 41 818 18 53, email@example.com
Rébecca Käslin, Media Spokesperson Wenger SA
Phone + 41 32 432 39 03, firstname.lastname@example.org