Swatch Group acquires Harry Winston for $750 million
January 14, 2013
The world’s largest watch group, Swatch Group Ltd., has announced today that they acquired 100% of the shares of US company Harry Winston Inc. The Swatch Group paid $750 million plus the assumption of up to $250 million in pro forma net debt to acquire Harry Winston and all the activities related to the jewelry and watches. The transaction does not include the mining activities of Harry Winston Diamond Corporation.