Roberto Coin Inc. enters the Watches of Switzerland orbit

Italian jewelery is tempting for large international groups. After the announcement of the acquisition of the Milanese company Vhernier from Richemonttoday it is the turn of another made in Italy excellence, to be precise made in Vicenza, as Roberto Coin.

The American branch of the brand, founded in 1996, enters the group’s orbit Watches of Switzerlandbased in Braunstone (UK), with whom he has collaborated for over a decade.

The operation, worth 130 million dollars, aims to consolidate the commercial presence of Roberto Coin Inc. in the North American market, through wholesale and direct to consumer distribution, in Watches of Switzerland boutiques and online. The brand is currently present in over 400 points of sale.

The acquired company will continue to operate as an independent and autonomous company within the group, while the Coin family will retain a place on the board of directors.

Peter Webster will remain president of Roberto Coin Inc. and report to David Hurleypresident of Watches of Switzerland Group for North America and deputy CEO.

According to preliminary data for 2023, Roberto Coin Incorporated generated revenues of $138.7 million, with a pre-tax profit of $30.2 million.

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