LONDON — Compagnie Financière Richemont has added another watchmaker to its luxury goods stable. The Geneva-based company, which owns watch houses including Jaeger-Le Coultre, IWC and Piaget, said Monday that it has acquired a 60 percent stake in the Swiss watch firm Manufacture Roger Dubuis SA.
Richemont said it had acquired the shares from Carlos Dias, one of the founding shareholders in Roger Dubuis. The financial terms of the deal were not disclosed.
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)