PARIS, June 9 (Reuters) - French retail group PPR (PRTP. PA: Quote, Profile, Research, Stock Buzz) is buying a 23 percent stake in Swiss luxury watch manufacturer Sowind Group, which includes the Girard-Perregaux brand, PPR said on Monday. PPR (PRTP. PA: Quote, Profile, Research, Stock Buzz), which owns fashion house replica Baume & Mercier 6860 Men's watch, could increase its stake in Sowind as component of a long-term partnership which aims to help Gucci establish itself inside the high-end watch segment. It gave no financial details.
Sowind Chairman Luigi Macaluso will retain control of the group and will join Gucci's management committee. "We are convinced that this agreement will create a number of important synergies for our watch brands and their further development," Robert Polet, Gucci Group CEO, said in a press statement. The deal comes replica Baume & Mercier 8374 Men's weeks after PPR rival LVMH (LVMH. PA: Quote, Profile, Research, Stock Buzz) agreed to buy Swiss watchmaker Hublot. The global luxury watch market is worth 18 billion euros ($28. 5 billion) a year, according to an estimate from Swiss bank Vontobel.
JeanRichard JeanRichard and MV Agusta partnered together to produce two limited edition Chronoscope "Brutale" chronographs and a limited edition Jean Richard Brutale naked sport bike.The JeanRichard MV Agusta Chronoscope Brutale chonographs come in a choice of either steel/titanium and rubber or steel/rose gold and rubber.The replica Baume & Mercier 8014 Men's watch case is 43mm in diameter and is water resistant to 30m/100ft. The dial uses carbon fiber, which highlights the three, motorcycle gauge inspired, counters.Red accents, a red "Brutale" logo and a red "MV Agusta" logo give the watch the finishing touch, and a quite aggressive look.
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