Baume & Mercier news and archive

Damiani Group signs agreement to acquire Baume & Mercier from Richemont

Swiss luxury conglomerate Richemont and Italian jewellery firm Damiani Group have signed an agreement for the latter to acquire full ownership of specialist watchmaker Baume & Mercier. The private transaction marks a significant shift for the historic watch brand as it joins one of Italy’s last independent family-run luxury groups. With a legacy...

Design

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...