Harry Winston sells its luxury division to Swatch

By Cecilia Jamasmie

Canadian Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) announced Thursday it expects the sale of its luxury diamond jewellery and watches division to the Swatch Group to close by Tuesday next week.

The two companies announced the transaction in January, with the Swatch Group paying $750 million plus the assumption of up to $250 million of …read more

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