Watches of Switzerland Group Plc is buying Hodinkee Inc., a US watch enthusiast site backed by LVMH and Tom Brady that racked up losses after an ill-timed foray into selling used models online. The British company, a top seller of Rolex watches in the country and a major retailer in the US, will capture greater...
Tag: mergers-acquisitions
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Central Group Acquires Swiss Luxury Chain Globus
Central Group took control of Swiss luxury department store chain Globus from Rene Benko’s insolvent Signa group, the latest transfer from the Austrian financier’s retail unit to the Thai conglomerate. The deal, announced on Monday, covers only the company operating the stores and doesn’t change the ownership of the respective buildings, which occupy prime locations...
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L’Oréal to Acquire 10% Stake in Swiss Skin Care Company Galderma
Galderma, originally set up as a joint venture between Nestle and L’Oreal before the latter sold its 50 percent stake in 2014, listed an initial tranche of its stock in late March. L’Oréal will now acquire a 10 percent stake for an undisclosed premium from Sunshine SwissCo AG – a consortium led by Swedish private...