Frederique Constant is among the brands that have been sold in the last few years.
The sale of Corum to Citychamp Watch & Jewellery Group — formerly known as China Haidian — has been one of a handful of deals in recent years as even established Swiss watch brands have been snapped up by foreign, often Asian, buyers.
In 2014, Citychamp spent 27 million pounds, $42.3 million at average exchange, for the Dreyfuss Group, best known as parent company of watchmaker Rotary. Boss Robert Dreyfus has since taken management responsibility for Eterna.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)