Swatch to Buy Part of Harry Winston Diamond Corporation

Jan 15, 2013 12:12 PM  By

Harry Winston Diamond Corporation Announces Agreement to Sell its Luxury Brand Segment to The Swatch Group Ltd. (via PR Newswire)

TORONTO, Jan. 14, 2013 /PRNewswire/ – Harry Winston Diamond Corporation (TSX:HW, NYSE: HWD) (the “Company”) announces today that it has entered into an agreement to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to The Swatch Group Ltd. for US$750 million plus their…