Frédéric Samuel Lipmann, grandson of Emmanuel and son of Ernest, was born in Besançon on November 2, 1905. After a turbulent education in Paris, he failed the baccalaureate exam in 1922. His father then brought him back to the family's roots and enrolled him at the watchmaking school in Besançon. After completing his military service, he traveled to the United States in 1928 for a study trip where he visited watchmaking factories and the assembly plants of "Harley Davidson" and "Indian" motorcycles. This journey, along with his passion for motorsport, would influence his vision and methods.
In August 1931, he joined the family business. Considered a "genius" by some and "eccentric" by others, "Fred" revolutionized traditions. Under his leadership, Lip SA innovated and became the leading watchmaker in France. The year 1954 marked the peak of the company with 1,500 employees and 300,000 watches produced annually, and in 1960, the Palente factory was established.
However, Fred Lip couldn't adapt to the rapidly changing watch market with the introduction of quartz technology, and in February 1971, he passed the torch. He passed away in Paris on November 9, 1996.