After the devastation of two world wars, the western world entered into a fast-developing period. As the entire Swiss watch industry went into a brisk market, the IWC also embraced its heyday that lasts for decades.
However, the emergence of quartz watches and the cataclysmic rise in gold prices in the 1970s brought huge challenges to the Swiss watch industry, which is known as the Swiss watchmaking crisis. To adapt to the profound changes that swept the whole industry, IWC required more funding to sustain its development. As a result, IWC was taken over by VDO Adolf Schindling AG in 1978. The name of IWC, given by its founder F.A. Jones, was recovered at the same time.
In 1981, Otto Heller succeeded H.E. Homberger as general manager following the latter’s retirement on age grounds. Under the lead of the new management, IWC soon got back to the track of rapid growing.
In 1991 IWC director Günter Blümlein founded the LMH Group, with 100% stake in IWC, 90% in Lange & Söhne and 60% in Jaeger-LeCoultre.
In 2000, LMH was acquired by Richemont, now the world’s second-largest luxury goods group, but the independence and continuity of the LMH brands as a closed unit was remained.
With the rich resources in the Richemont group, the brand of IWC is substantially reinforced. Since then, IWC opened boutiques worldwide and made debute at SIHH every year. IWC watches became more and more sought after. IWC replica watches are thus more and more popular, too.
In 2008, IWC celebrated its 140th anniversary with the launch of 6 its iconic watches: the Pilot’s Watch, Portuguese, Ingenieur, Aquatimer, Da Vinci and Portofino. The great event push the popularity IWC watches to an unprecedented height. It can be predicted that IWC Schaffhausen will continue to achieve new culmination with more exciting watches for its fans.
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