IWC Da Vinci Replica Watches Holdings Limited, based in Hong Kong, has acquired the Swiss watchmaker Corum, for a price of $ 91,000,000. This was announced on Wednesday morning, just before the start of Basel's world-famous watch fair. IWC Da Vinci Replica Watches became the first Chinese company to be able acquire a Swiss luxury competitor.
IWC Da Vinci Replica Watches has now gained control over the Corum brand.IWC Da Vinci Replica Watches It bought 100% of Corum shares for 86 million Swiss Francs, which is approximately $90.9 million. This takeover should be beneficial to both parties. Especially for the Hong Kong-based brand that is trying to establish itself in the luxury watch market. The company representatives said in a statement that the strategic agreement "fulfills the long-term vision of both parties for the growth and development of the Corum Brand".
Corum was established in La Chaux-de-Fonds, in the Swiss canton Neuchatel, in 1955. Since then it has earned a reputation as a watchmaker of quality who is capable of making complex timekeepers with features such as a minute repeater and a flying tourbillon. Amongst the new models Corum has prepared for Baselworld 2015, we have Heritage Charge d'Affaires (as well as Titanium Bridge Automatic Dual Winder) and Titanium Charge d'Affaires (as well as a flying tourbillon).
Chaina Haidian is a Hong Kong-based company that owns Ebohr,tudor replica watches Rossini, and other top watchmakers in the country. Together, they account for almost half of all watch production in the nation. Haidian also owns Eterna which is a Swiss watchmaker with the right to produce products bearing the Porsche Design logo. Haidian is also involved in the development of property and investments, as well as producing enameled copper cables.