CEO William Lamb said divesting the diamond sales platform allows the company to focus on the underground expansion of Karowe.
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The company said Benjamin Clymer will return to his role as head of the watch news website, which will maintain editorial independence.
The luxury giant recently completed its acquisition of the Italian jewelry brand.
Members of the founding family partnered with Mexican retail company El Puerto de Liverpool to possibly take Nordstrom private.
The moves follow parent company HBC’s $2.65 billion offer to buy rival Neiman Marcus.
Union Life & Casualty will join JM Insurance Agency Partners, expanding the provider’s pawnbroker coverage.
The retailer will not be making a deal with Arkhouse Management and Brigade Capital Management, opting to focus on its turnaround plan.
The Kering-owned brand bought VSL to reinforce its manufacturing capabilities.
The deal is valued at $2.65 billion.
The Minneapolis-based company bought Victor Corporation, which has been making jewelry in Cincinnati since 1946.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
The branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The retailer previously turned down an $8.4 billion offer in 2018.
The retailer said Arkhouse Management and Brigade Capital Management failed to provide evidence of a viable plan to finance the deal.
It is buying Swiss Crown USA, a wholesaler that specializes in independently certified pre-owned Rolexes.
Universal Genève is a collectors’ favorite that’s been around since 1894.
The storied retailer has been struggling in the face of online competition.
The workshop is comprised of four companies: Blondeau, Belter, Chanson & Cie, and FG Développement.