The world’s largest watch group, Swatch Group Ltd., has announced today that they acquired 100% of the shares of US company Harry Winston Inc. The Swatch Group paid $750 million plus the assumption of up to $250 million in pro forma net debt to acquire Harry Winston and all the activities related to the jewelry and watches. The transaction does not include the mining activities of Harry Winston Diamond Corporation.

Jason Pitsch
Posted by:Jason Pitsch

Jason Pitsch is the founder and editor of Professional Watches. He appreciates good design and engineering in everything from architecture to automobiles to cameras to clothing. Yet his focus for the past decade has remained consistent on covering just one type of craftsmanship: watchmaking.