News MGI Luxury Group is going to produce and distribute Hugo Boss watches worldwide. The German fashion company and the Biel subsidiary of the American watch manufacturer have just signed a licence agreement. Set to run for a period of eight years, it will take effect on 21 March this year. "Our strategy in the licence sector consists in cooperating with strong and influential manufacturers," explained the boss of the group based in Metzingen. For information, last summer Movado brought two new firms into the fold of the MGI Luxury Group: Ebel, based in La Chaux-de-Fonds, and Biel based manufacturer Concord Watch Company.
January 06, 2005