The company Th. Picard Fils was founded around 1892 in La Chaux-de-Fonds and the trademark "DRACIP" was registered. The Dracip logo (in a circle with a flower and stars) was registered on December 22, 1892. The company Th. Picard Fils was taken over as a trademark by Juvenia, it was registered on November 5, 1934 as Th. Picard Fils, Juvenia, Horlogerie de Precision SA - Didisheim & Co. - Petit-Fils de Didisheim-Goldschmidt. The Th. Picard Fils brand was best known for its chronographs. The original company was dissolved on October 14, 1941 due to the owner's death.