Thursday, April 25, 2013

Meet the New Boss, Just Like the Old Boss... Not Always

This just in from Corum yesterday -

Montres Corum announces the acquisition of its shareholding by China Haidian Holdings Limited.
As a result of this agreement, China Haidian becomes the sole owner of the watch company, based in La Chaux-de-Fonds.

This strategic agreement fulfills the long term vision of both partners for the continued development and growth of the Corum brand.  It will allow China Haidian to anchor its position in the Swiss Haute Horlogerie by reinforcing its other activities and open for Corum new prospects for development and strengthen the positioning of its brand worldwide.

Readers may draw what conclusions they will.

No comments:

Post a Comment