 Swatch subsidiary ETA SA, which is based in Grenchen, Switzerland, furnishes many OEM brands, such as LVMH (which markets TAG Heuer, Hublot and Zenith watch lines) and Richemont (which markets amongst others, Baume & Mercier, IWC, Jaeger-LeCoultre, Montblanc, Officine Panerai, Piaget SA and Vacheron Constantin).The Swatch Group Electronic System includes