The Watches of Switzerland completed the acquisition of Deutsch & Deutsch.

The Watches of Switzerland, a retail shop that specializes in watch sales and repair services, completed the acquisition of Deutsch & Deutsch, a prominent jewelry store. Financial terms were not disclosed. "We have admired Deutsch & Deutsch for many years and see this value-accretive acquisition as an excellent complement to our existing US showroom network, strengthening our leading position in the luxury watch and jewellery market in the US. We look forward to combining Deutsch & Deutsch's local expertise with the strengths of the Watches of Switzerland Group as we continue to grow our presence in this key market," Brian Duffy, the Watches of Switzerland Group Chief Executive Officer.