By  on March 23, 2017
Frederique Constant Manufacture Perpetual Calendar

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.

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