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Jewelry News - Domestic & International News: PPR Buys Stake in Swiss Luxury Watch Maker - Avi Krawitz

PPR Buys Stake in Swiss Luxury Watch Maker - Avi Krawitz

French luxury retailer PPR has bought a 23 percent stake in the Sowind Group, a Swiss watch manufacturer, for an undisclosed amount. PPR said the partnership was aimed at capitalizing on long term growth prospects in the high end watch-making (Haute Horlogerie) segment, where Sowind has a strong presence.

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