Swatch interested in acquiring watch brands and manufacturers of watch parts
Swatch, the listed Swiss watch maker, is interested in acquiring watch brands and manufacturers of watch parts, Tagesanzeiger reported. Without citing a specific source the Swiss daily said that Swatch is looking to grow in the jewelry business but watches will remain the main focus. Swatch wants to buy suppliers of watch parts and movements as well as watch brands.
Swatch yesterday announced it had increased sales by 8.5% to CHF 8.5bn in 2013.
Tagesanzeiger