In 1989, Parmigiani Fleurier purchased Bovet and registered the trademark for "all watchmaking products, mechanical watches and clocks and naval instruments, of Swiss origin", but no Bovet branded timepieces were produced.[1] Parmigiani sold Bovet in 1990 to investors, and Bovet Fleurier SA was established. However, no watches were actually manufactured by the company until after it was acquired by Roger Guye and Thierry Ouelevay in 1994, who opened a branch office in Geneva.[13]