Rolex Submariner Replica Watches Purchases Corum for $91 million

Rolex Submariner Replica Watches Holdings Limited, a Hong Kong-based company, has purchased the well-known Swiss watchmaker Corum, for $ 91 million. This was announced in Basel, Switzerland,Rolex Submariner Replica Watches on Wednesday just before the opening of the most important watch fair in the world. Rolex Submariner Replica Watches became the first Chinese watchmaker to buy a luxury Swiss competitor.

Rolex Submariner Replica Watches, which bought 100% of Corum's shares, took complete control of Corum. This was worth a total of 86 million Swiss Francs, or around $ 90.9million.Replica Watches Both parties are expected to benefit from the takeover, particularly for the Hong Kong-based brand that is trying to make a mark in the luxury watch market. Representatives of Corum stated in a prepared statement that the strategic agreement "accompanies the long-term vision of both partners for development and growth the Corum brand."

Corum was established in La Chaux-de-Fonds, Switzerland in the canton of Neuchatel, in 1955. It has been around for over 50 years and is a respected watchmaker that can produce complex timekeepers with complicated complications like a minute repeater or flying tourbillons. Corum's most recent models were the Heritage Charge d'Affaires, and Titanium Bridge Automat Dual Winder.

Chaina Haidian is a Hong Kong-based business that owns Ebohr,Breitling Replica Watches Rossini, and Eterna, which are among the top four watchmakers in the country and account for almost half of all watch production. Haidian also owns Eterna, a Swiss manufacturer of timepieces, and has the license for products bearing the Porsche Design insignias. Haidian also produces enameled copperwires and is involved with property development and investment.