Richemont sells stake in Swiss watch brand Greubel Forsey

Richemont sells stake in Swiss watch brand Greubel Forsey

Sumary of Richemont sells stake in Swiss watch brand Greubel Forsey:

  • “Independence will allow Greubel Forsey to determine the next stages of development with complete freedom,” Antonio Calce was quoted in a press release.
  • Greubel Forsey said in a press release that as of March 18, all 100% of the brand’s shares belong to the founders – Robert Grobel and Stephen Forsey -, as well as the head of the company, Antonio Calce.
  • Greubel Forsey, founded in 2004, specializes in creating highly complex watches.
  • As it became known on Thursday, the luxury group Richemont has sold all 20% of its shares in the Swiss watch brand Greubel Forsey.
  • In 2006, the company sold a 20% stake to the Richemont group, which owns Cartier and other luxury brands.

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