The company’s decline and Jules Isidor Fagard’s entrepreneurial skills
“Helped” by the introduction and growing success of the ballpoint pen, the company headed for a serious decline so that in 1954 the original American company was liquidated and the production plants were sold to BIC in 1959 for the production of ballpoint pens. It was Jules Fagard and its largely autonomous Waterman French branch (created in 1926 as JiF Waterman) who carried on the name of Waterman. If it had not been him, the name would have disappeared completely.
Waterman’s future after the leadership of Fagard
After Fagard’s leadership, it was the American giant – Gillette that bought Waterman in 1987 and sold all the pens at discount outlets allover the United States. Then, around 2000, Newell Rubbermaid bought the Gillette portfolio of writing products. That said, Parker, Waterman, and other writing instruments brands are now under the leadership of Newell Rubbermaid.