The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32.1 - Manufacture Of Jewellery, Bijouterie And Related Articles
50 jobs Number of planned job creations
Announcement Date
1 May 2023
Employment effect (start)
1 May 2023
Foreseen end date
1 January 2024
Description
Beauregard is a luxury watch bracelet SME which employs 45 employees for a turnover of 8.8 million euros in 2021. In 2023, it produced nearly 63,000 watch bracelets at its Couteuges workshops in Haute-Loire. The company is implementing a strategic expansion by creating a new production site near its existing facility in Couteuges. In this new 2,000-square-meter factory, Beauregard will product the in-house the links for the bracelets from raw materials, a step previously outsourced to Italian subcontractors. The relocation decision was driven by challenges in the supply chain caused by the reliance on external suppliers. The new factory is expected to start production in 2024, will emphasize automation, connectivity, and sustainability. The company plans to diversify its activities and sectors beyond watchmaking and anticipates the recruitment of "a few" employees initially, with plans to reach 50 employees in the long term.
Eurofound (2023), Beauregard, Reshoring in France, factsheet number 269, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/269.
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