Richemont Group sells luxe watch brand Baume & Mercier to Damiani
In a surprise move, luxury goods holding company, Richemont Group, said it will sell specialist watch brand, Baume & Mercier, to the Damiani Group, an Italian family-run jewelry business. The two companies released a brief joint statement Thursday saying the sale is expected to close in the summer of 2026 and remains subject to certain […]