Watches Of Switzerland Group Plc (GB:WOSG) has released an update.
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Watches of Switzerland Group PLC has strategically acquired Roberto Coin Inc., a significant player in the US luxury jewelry market, for $130 million. This acquisition aligns with the Group’s focus on luxury branded jewelry and is expected to enhance their position in the US market. It is anticipated to be margin enhancing and earnings per share accretive from the acquisition date, with Roberto Coin Inc. continuing to operate independently within the Group.
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