NEW YORK — Swiss Army Brands Inc., a division of Victorinox AG, said Monday that chairman Peter Gilson and president A. Jeffrey Turner plan to resign "in the immediate future," although the company did not specify when.

This follows news last week that Swiss firm Victorinox AG has agreed to purchase the remaining outstanding shares — about 33 percent — of Swiss Army that it doesn’t already own. Swiss Army makes pocket knives, watches, sunglasses and a variety of other products.

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