14 Jan '13, 12pm

Big retail news! Swatch buys luxury jeweler Harry Winston #jewelry #retail #luxury

Big retail news! Swatch buys luxury jeweler Harry Winston #jewelry #retail #luxury

The Swiss firm is paying up to $1 billion for Harry Winston LONDON (CNNMoney) Harry Winston, jeweler to the stars, has a new owner -- watchmaking giant Swatch. The Swiss company said it would pay up to $1 billion for the Harry Winston brand and its jewelry and watches business, which includes 535 employees and a production company in Geneva. Memorialized in song by Marilyn Monroe in the film "Gentlemen prefer Blondes," Harry Winston (HWD ) became the first jeweler to lend jewels to an actress for the Oscars red carpet in 1944. He was also famous for donating the Hope Diamond to the Smithsonian Institution in Washington. "We are proud and happy to welcome Harry Winston to the Swatch Group family -- diamonds are still a girl's best friend," said Swatch chairwoman Nayla Hayek in a statement. Harry Winston founded the company in 1932. It was bought by Canadian diamond mining g...

Full article: http://money.cnn.com/2013/01/14/news/companies/harry-wins...

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Swatch Buys Harry Winston Jewelry Brand for $1 Billion #Retail #Luxury #Acquisition

Swatch Buys Harry Winston Jewelry Brand for $1 ...

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