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Festina is owned by Festina Lotus S.A., headquartered in Spain. No. The ultimate owner of Festina, Festina Lotus S.A., is headquartered in Spain, not in the United States.
A Spanish watch conglomerate formed in 1985 when businessman Miguel Rodríguez acquired Festina, a brand founded in Switzerland in 1902.
Sources: en.wikipedia.org, festinagroup.com
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