Author Topic: Swiss Watch Brand Maurice Lacroix Up for Sale on Franc Surge  (Read 1562 times)

Offline nikfs1881

  • Sr. Member
  • ****
  • Posts: 425
  • "Time is the most valuable thing a man can spend."
http://www.bloomberg.com/news/articles/2015-07-13/swiss-watch-brand-maurice-lacroix-put-up-for-sale-by-owner-dksh

Swiss Watch Brand Maurice Lacroix Up for Sale on Franc Surge

The Swiss watch slowdown has claimed a new victim.
Maurice Lacroix, a brand that delivers 90,000 timepieces a year, has been put up for sale by owner DKSH Holding AG as the surge in the Swiss franc and a slump in demand from Asia weigh on the business. DKSH aims to find a buyer for the unit this year, Dominique Nadelhofer, a spokesman, said by phone Monday.
This year’s 15 percent gain in the franc against the euro is reducing the value of the revenue that Swiss watchmakers make abroad. Weak consumption in China, which accounts for a quarter of global luxury demand, has also weighed on European luxury-goods stocks, Goldman Sachs said in a note to investors.

Please see the link above for more details.....


Sent from my iPhone using Tapatalk
Rolex Sea-dwellerC|Breitling Seawolf Blacksteel LE|Tag heuer Grand Carrera|Chopard Monaco Historique Time Attack|Baume et Mercier Capeland|Tudor Grantour|Omega Seamaster|Oris Artix Complication|Rolex 6694|Tag Heuer Link|Oris William F1|Tag Heuer 2000|Tissot T-Race LE|Rado D-Star 200 |Sistem51|Longines Hydroconquest Chrono|Seiko SRP577|Seiko SBDC003|Steinhart GMT Pepsi & Nav B44| Nomos Tangente 38

Offline chrisyen

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 5940
Re: Swiss Watch Brand Maurice Lacroix Up for Sale on Franc Surge
« Reply #1 on: September 08, 2015, 10:04:12 AM »
today ML have an event at their Starhill boutique... maybe you can go and talk to their company if you wish to buy them over ! :Laughing_on_floor: