Is Tissot owned by Rolex?

In the realm of horology and luxury timepieces, brand ownership and affiliation are often topics of intrigue. When it comes to the prestigious names of Tissot and Rolex, one might naturally wonder if there's a corporate connection. After all, both brands are synonymous with precision craftsmanship and enduring elegance. So, the question arises: Is Tissot owned by Rolex? This inquiry delves into the corporate structure and brand hierarchy within the world of high-end watches. With Rolex's reputation for excellence and Tissot's own illustrious history, it's natural to question whether these two storied brands share a corporate parent. Let's explore this question further.