The Swatch Group Ltd (?Swatch Group?), the world's largest watch manufacturer, has today announced the acquisition of an important stake inside the Rivoli Group (?Rivoli?), 1 of the leading lifestyle luxury goods retailers inside the GCC (Gulf Cooperation Council) which operates over 245 retail outlets. The strong partnership will support replica Breitling A7438010 Men's watch Rivoli's regional expansion strategy which includes its entry into the Kingdom of Saudi Arabia and India. Headquartered in Dubai, Rivoli is a private retail company with a diverse portfolio of international luxury brands and an extensive retail network in the UAE, Bahrain, Oman and Qatar.
Established in 1988, the Rivoli Group has built a strong reputation as a leading luxury retailer. Rivoli is a portfolio company of Dubai International Capital. The Swatch Group is the world's largest watch manufacturer with over 19 brands, going from the luxury and prestige segment with Breguet to the basic range with Swatch with over 160 replica Breitling Windrider Chronomat Men's watch factories in Switzerland (23,000 employees worldwide) and delivereing movements apart from the own brands to the while Swiss watch industry. Last year, the turnovr of the Swatch Group was record 6 billion Swiss Francs.
Nayla Hayek, Member Board of Directors of the Swatch Group said: ?Our investment in Rivoli cements the long-term partnership we have shared for over two decades and will be not only beneficial to both parties but also to the consumer in the region. Our association with Rivoli Group has broadened strongly throughout this period to include the representation and retail of the spectrum of our watch brands in the UAE. The replica Breitling Aeromarine Super Avenger Men's watch region is one which possesses high growth potential and with this partnership we plan not just to tap into the opportunities that the region offer but also to increase the service to the consumer. ?Commenting on the new partnership, Rivoli Group's Managing Partner, Ramesh Prabhakar said: ?
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