Announced
Financials
Sources
Tags
Switzerland
Domestic
Single Bidder
luxury watches
Majority
Acquisition
Friendly
Pending
Luxury Items
Private
Synopsis
Pascal Raffy , the proprietor and managing director of Bovet, agreed to acquire the remaining 25% stake in Bovet Fleurier, a Swiss brand of luxury watchmaker, from DKSH Holding, a Swiss holding company specialising in market expansion services. Financial terms were not disclosed. "The transaction does not materially affect DKSH's profit and loss statement," DKSH.
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