The watch brand Greubel Forsey has bought out its own shares held by the luxury group Richemont. Details of the transaction were not disclosed.
“This independence will allow us to define the next stages of development of maturity in complete freedom”, indicated the general manager Antonio Calce, quoted in the press release of the small manufacture in Chaux-de-Fonnière.
Richemont, owner of Cartier and Piaget in particular, held 20% of the brand.
Greubel Forsey was founded in 2004 by Robert Greubel and Stephen Forsey. The brand, known for its horological complications, is intended for very wealthy enthusiasts, the entry-level price being around 200,000 francs. /ATS
Related posts:
The Daily Struggle: Understanding the Challenge of Purchasing Power in France
The large market of Bouaké in its sensitive marketing phase
Climate Damage Fund slightly closer after talks prior to COP28 | climate
The Council of State limits the acquisition of paid leave rights for employees on sick leave
Rishi Sunak explores public sector pay deal that backdates wage offer
The new registration tax will reduce sales by 100,000 units and raise the price by 1,000 euros per c...
Huawei has entered the open-back headphone market with FreeClip, which is also the first product in ...
The Gaza war threatens Israel's trade with the Middle East