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Swatch Group - Majority Holding in Rivoli Dubai

Español Pусский

November 2013

Swatch Group - Majority Holding in Rivoli Dubai

Español Pусский

November 2013

Technocorp Holding Ltd., a Swatch Group company, is increasing its stake in Dubai-based company Rivoli Investments LLC by purchasing a tranche of shares and is thus taking control of Rivoli Investments LLC.

Swatch Group previously held a 40% equity interest in Rivoli Investments LLC through its Technocorp subsidiary.

Rivoli operates a network of over 360 retail businesses in the Middle East, predominantly active in the watch segment. The company has a workforce of over 1,500 employees.

Rivoli shops have for a long time offered Swatch Group watch brands for sale in this region.

Source: Swatch Group

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