News On the 14th January, The Swatch Group announced the purchase of 100% of the shares of the US company HW Holdings Inc, owner of Harry Winston Inc, in New York. The group acquired the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva. The acquisition sum amounts to 750 million dollars plus the assumption of up to 250 million dollars of pro forma net debt. The transaction does not include the mining activities of Harry Winston Diamond Corporation.
January 17, 2013