The story
Festina was created in 1902 by the Stüdi family in the city of La Chaux-de-Fonds, in Switzerland. In 1935, the founding family sold the brand to businessman, Willy Burkhard von Wilhelm. During World War II, the business was relocated to Barcelona, Spain.
In 1975, Georges Uhlmann, an entrepreneur who had a significant presence in the Spanish and Italian markets, acquired the firm. In 1984, the Spanish businessman Miguel Rodríguez, from La Linea de la Concepción (Cadiz), acquired the Festina brand and all its rights.
The Festina name is derived from the Latin "Festina lente" which means: "Make haste, slowly", a phrase that, according to Roman historian, Suetonius, is attributed to Augustus Caesar, known for his prudence: "Walk slowly if you want to arrive at a well-done job sooner".
The Festina Group brands Jaguar, Candino and Perrelet are Swiss made. In 2002, Festina acquired the Swiss watch brand Candino.In 2004, Festina acquired the luxury watch brand, Perrelet, founded in 1777 by the prestigious watchmaker Abraham-Louis Perrelet.
From Wikipedia’s article on Festina, shared under CC BY-SA 4.0.4