DISTRECO NEWSMARKETS

2008, Gulf States: Rivoli Group becomes part of the Swatch Group

Temps de lecture : < 1 minute

In July 2008, the Swatch Group has acquired a strategic investment in Rivoli Group, one of the leading distributors of luxury goods in the GCC (Gulf Cooperation Council) region. This investment qualifies as an associated company and is accounted for using the equity method. In addition to its own products, the group distributes the following brands: Swatch, Dunhill, Vertu, Omega, Montegrappa (I), MontBlanc, J.M. Weston, IWC, Glitter, Eden Park, Carl F. Bucherer, Bang & Olufsen… The Richemont group might be a little nervous.

Hayek Père et Fils, reprise du Group Rivoli en 2008

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