By  on April 19, 2013

PARIS — Hermès International said Friday it has increased its share in the capital of Joseph Erard Holding and now owns a majority stake in the Swiss watch case maker through its watchmaking subsidiary, La Montre Hermès.

“For Hermès, this latest acquisition is a natural step in the continued process of furthering its watchmaking expertise,” Hermès said. The financial terms of the deal were not disclosed.

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