Richemont: sells Lancel and buys Watchfinder
(CercleFinance.com) - Richemont has announced that it has at the weekend its finalized the sale of its French subsidiary Lancel to the Italian group Piquadro, a transaction that has no significant impact on its balance sheet, cash flows or results in the current financial year (to end-March 2019).
Last Friday, the Swiss luxury group, which in particular operates the Cartier and Van Cleef & Arpels houses, announced an agreement to acquire the British specialist in luxury watches, Watchfinder, a deal that is set to be finalised this summer.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Last Friday, the Swiss luxury group, which in particular operates the Cartier and Van Cleef & Arpels houses, announced an agreement to acquire the British specialist in luxury watches, Watchfinder, a deal that is set to be finalised this summer.
Copyright (c) 2018 CercleFinance.com. All rights reserved.