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Home Headlines DKSH sells its 25% stake in Swiss luxury watchmaker Bovet

DKSH sells its 25% stake in Swiss luxury watchmaker Bovet

by Uma
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2022 12 30T062003Z 1 LYNXMPEIBT039 RTROPTP 4 DKSH

ZURICH (Reuters) – DKSH will sell its 25% stake in Swiss luxury watchmaker Bovet to Pascal Raffy, the company said in a statement on Friday.

The transaction makes Raffy, which already owns 75% of Bovet, the watchmaker’s sole owner.

“The transaction does not materially affect DKSH’s profit and loss statement,” the company said.

 

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(Reporting by Noele Illien; Editing by Christian Schmollinger)

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