{"id":1456,"date":"2013-01-14T00:00:00","date_gmt":"2013-01-13T23:00:00","guid":{"rendered":"https:\/\/www.my-watchsite.com\/blog\/the-swatch-group-acquires-the-jewelry-and-watch-brand-harry-winston-inc-n1307\/"},"modified":"2013-01-14T00:00:00","modified_gmt":"2013-01-13T23:00:00","slug":"the-swatch-group-acquires-the-jewelry-and-watch-brand-harry-winston-inc-n1307","status":"publish","type":"post","link":"https:\/\/www.my-watchsite.com\/blog\/the-swatch-group-acquires-the-jewelry-and-watch-brand-harry-winston-inc-n1307\/","title":{"rendered":"The Swatch Group acquires the jewelry and watch brand Harry Winston Inc."},"content":{"rendered":"<div>The Swatch Group Ltd. acquires the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva (Switzerland). The acquisition sum amounts to US$ 750 million plus the assumption of up to US$ 250 million of pro forma net debt. The transaction does not include the mining activities of Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) \u2013 new: Dominion Diamond Corporation -, in Toronto (Canada).<\/div>\n<div>Robert A. Gannicott \u2013 Chairman of the Board and Chief Executive Officer of Harry Winston Diamond Corporation commented: \u201cThe Harry Winston brand now has a new home that can provide the skills and support that it deserves to realize its true potential.\u201d.<\/div>\n<div>And Nayla Hayek, Chairwoman of The Swatch Group Ltd., says \u201cHarry Winston does brilliantly complement the prestige segment of the Group. We are proud and happy to welcome Harry Winston to the Swatch Group family \u2013 diamonds are still a girl\u2019s best friend\u201d.<\/div>\n<div>The transaction is subject to the approval of the different regulatory authorities.<\/div>\n<div><strong>About Harry Winston Inc.<\/strong><\/div>\n<div>Founded in 1932, Harry Winston is the inventor of modern couture jewelry and is known as the \u201cKing of Diamonds\u201d and \u201cJeweler to the Stars\u201d. The company has an unrivalled position as the most exclusive and prestigious jewelry retailer and is known for its expertise, fine craftsmanship, quality gems and innovative gemstone settings. Harry Winston is renowned for donating the world\u2019s most famous gemstone, the Hope Diamond, to the Smithsonian Institution in Washington D.C, where it has been one of the world\u2019s most visited exhibitions. In the fall of 2010, the Hope Diamond was displayed in a special setting designed by Harry Winston to mark the 50th anniversary of its donation.<\/div>\n<div><strong>About The Swatch Group Ltd.<\/strong><\/div>\n<div>Swatch Group is the world\u2019s number one maker of finished watches. Group companies sell watches under nineteen different brands and the multibrand Tourbillon retail mark. Present in all segments of the retail watch market, the Group is also active in the manufacture and sale of jewelry, watch movements and components. Swatch Group supplies nearly all components required to manufacture its finished watches and supplies movements and components to third-party watchmakers in Switzerland and around the world. Swatch Group is also the most important player in advanced nanomechanical and nanoelectronic technologies essential to watchmaking and other industries. The Group employs some 29,000 persons in over 50 countries. Gross sales in 2012 CHF 8.1 billion.<\/div>\n<ul>\n<li><img decoding=\"async\" src=\"https:\/\/www.my-watchsite.com\/blog\/wp-content\/uploads\/sites\/2\/2020\/08\/419_1091.jpg\" alt=\"The Ocean Sport Chronograph : a Harry Winston's watche model. \" \/><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Swatch Group Ltd. acquires the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva (Switzerland). The acquisition sum amounts to US$ 750 million plus the assumption of up to US$ 250 million of pro forma net debt. The transaction does not include [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[60],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Swatch Group acquires the jewelry and watch brand Harry Winston Inc. - MyWatch EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.my-watchsite.com\/blog\/the-swatch-group-acquires-the-jewelry-and-watch-brand-harry-winston-inc-n1307\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Swatch Group acquires the jewelry and watch brand Harry Winston Inc. - MyWatch EN\" \/>\n<meta property=\"og:description\" content=\"The Swatch Group Ltd. acquires the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva (Switzerland). 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