Excellence Holding AG, based in Rapperswil in the canton of St. Gallen, is a wholly-owned subsidiary of the Centum Prata Group. The portfolio of Excellence Holding AG includes the watch and jewelry specialist Les Ambassadeurs (100%) with branches in Geneva, Locarno, St. Moritz and Zurich; the watch brands Jaermann & Stübi (84%), based in Rapperswil as well as Manufacture des montres Vulcain S.A. (100%), based in Le Locle. The goal of Excellence Holding is to unite small, sophisticated companies that produce the finest quality in the watch and jewelry industry under one roof and to develop them further. The Group employs 80 staff members and has annual sales of CHF 100 million. The president of the board of directors and CEO is Dr. Renato A. Vanotti.