MILAN – Italy's Binda Group is merging with America's Geneva Watch Group to create a timepiece and jewelry firm with projected annualized sales for 2008 in excess of 450 million euros, or $651 million at current exchange.
Binda Group, which owns the Breil Milano, Breil Tribe, Wyler Geneve and Details brands, and operates under license watches and jewels for D&G, Moschino Cheap & Chic, and Ducati among others, said Thursday it had acquired 100 percent of Kenneth Cole licensee Advance Watch Group Ltd. – known commercially as Geneva Watch Group – from U.S. private equity fund Heritage Partners for an undisclosed sum.
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)