News

Advanced Search

Harry Winston Expects Luxury Division Sale to Close March 26

Mar 21, 2013 9:41 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Harry Winston Diamond Corporation received the required regulatory approvals for the company's proposed sale of its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to the Swatch Group.

The companies expect that the transaction will close next week on or near March 26. With the closing, Harry Winston Diamond Corporation will change its name to Dominion Diamond Corporation.

In January, Harry Winston agreed to sell its luxury division to Swatch for  $750 million in cash, along with a debt ‎repayment of $250 million on its behalf.

Tags: Harry Winston, Jeff Miller, sale, swatch group
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.