Swatch Group Acquires Harry Winston Watch & JewelrysharetweetshareThe Swatch Group has added another jewel or, more precisely, jeweler for the crown. The Bienne, Switzerland-based company, which owns watch brands starting from Swatch to Hamilton to Omega to Breguet, announced Monday it's acquiring world-renowned jewelry brand Harry Winston, which lately also has turn into a bastion of high watchmaking.Within the deal, Swatch Group Ltd. gets Completely in the shares of HW Holdings Inc., one who owns New York-based Harry Winston sea dweller rolex watch , Inc., giving the audience ownership of the brand and activities related to its jewelry and replica watches, including its 535 employees worldwide and production company in Geneva, Switzerland. The investment sum depends upon U.S. $750 million in addition to the assumption as much as U.S. $250 million of pro forma net debt. The sale doesn't include the mining segment with the company, Harry Winston Diamond Corporation, headquartered in Toronto, which is to be renamed Dominion Diamond Corporation upon the closing of the transaction."The Harry Winston brand now has a whole new home that will provide the skills and support it needs to realize it is true potential, " said Robert A. Gannicott,  chairman on the board and top dog of Harry Winston Diamond Corporation.Harry Winston containing become known to watch enthusiasts and collectors chiefly through its haute horlogerie Opus collection will join the Swatch Group's portfolio of "prestige" brands, which currently includes Breguet, Blancpain, Glashütte Original and Jaquet Droz. Nayla Hayek, chairwoman on the Swatch Group Ltd., says, "We are proud and very happy to welcome Harry Winston on the Swatch Group family watches ," adding, "Diamonds will still be a girl's best ally."Harry Winston's The big apple headquartersThe Harry Winston Opus XIIsharetweetshare replica bulova watches for men
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