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Baume & Mercier in joint venture with Chinese Chow Tai Fook

Swiss luxury goods group Richemont and the world's largest jewellery chain, the Chinese Chow Tai Fook, have announced the creation of a joint venture to distribute Baume & Mercier watches in mainland China. Swiss daily ‘Le Temps’ cited a source inside Richemont to stress that the two luxury brands would each control 50 percent of the new...

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