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| Name | Symbol | Market | Type |
|---|---|---|---|
| Swatch Group AG (PK) | USOTC:SWGAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.13 | -1.31% | 9.80 | 9.79 | 9.95 | 10.05 | 9.79 | 10.01 | 107,753 | 21:02:13 |
From Jul 2019 to Jul 2024
Swatch Group (UHR.VX) said Monday it has acquired 100% of the U.S. jewelry and watch brand Harry Winston Inc. for an acquisition sum of $750 million, plus the assumption of up to $250 million of pro forma net debt.
MAIN FACTS:
-The Swatch Group Ltd. acquires the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva.
-The transaction does not include the mining activities of Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) - new: Dominion Diamond Corporation -, in Toronto (Canada).
-Nayla Hayek, Chairwoman of The Swatch Group Ltd., said: "Harry Winston does brilliantly complement the prestige segment of the Group. We are proud and happy to welcome Harry Winston to the Swatch Group family - diamonds are still a girl's best friend".
-The transaction is subject to the approval of the different regulatory authorities.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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