Watches of Switzerland makes key acquisition

Watches of Switzerland has acquired Roberto Coin Inc., a business owned by Roberto Coin S.p.A., a designer and manufacturer of handcrafted jewellery.

Roberto Coin Inc. has exclusive rights to import and distribute Roberto Coin jewellery in the US, Canada, the Caribbean, and Central America, supplying major department stores, jewellery chains, and independent jewellers. The terms of the acquisition see Peter Webster remaining as president of Roberto Coin Inc., who will now report to Watches of Switzerland Group’s present for North America, David Hurley.

Brian Duffy, Watches of Switzerland chief executive, said: “We have partnered with Roberto Coin for over a decade in the US, retailing its elegant jewellery in a number of our Mayors’ showrooms. It is a hugely popular, growing brand occupying a strong position in the market, underpinned by product quality, design creativity, and imagination.”