Their history is borrowed from a previous existence.
Moratello Group acquired the company in 2006, with a focus on homage watches. Mainly quartz. $600 watches selling for $150-$250 in secondary markets.
Much like Gevril. Overpriced homage watches that don’t sell in department stores, only to be found later on Overstock.com and other clearance houses at massive markdowns.
I have dozens of watches.
This past summer, I added a Seiko 5 Rowing Blazers to my collection (the yellow dial), and 2 weeks ago, another Seiko Cocktail Time SRPK48.
I also have SRPB41, SRPH78, SRPJ13, and SRPD37.
They are relatively inexpensive, yet fantastic watches.