LIP in The 1980s and The 1990s
The LIP cooperative was bought back by Kiplé in 1984, during François Mitterrand's presidency. However, the new firm was liquidated six years later. Jean-Claude Sensemat then bought the brand in 1990, and relaunched the production with modern marketing methods. The sales increased to a million watches a year. The LIP reissued Charles de Gaulle's watch, which Jean-Claude Sensemat offered to U.S. President Bill Clinton.
In 2002, Sensemat signed a LIP world license contract with Jean-Luc Bernerd, who created La Manufacture Générale Horlogère in Lectoure Gers for the occasion.
Charles Piaget is today a member of AC! (Agir ensemble contre le chômage), a union of unemployed people, while the Dominican Jean Raguenès lives in Brazil, where he supports the Landless Workers' Movement (MST).
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Famous quotes containing the word lip:
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—Angela Carter (1940–1992)