Breaking News: Harry Winston Is Acquired By The Swatch Group (Plus Some Things To Consider)
While there have been rumors that famed NY-based jeweler and watchmaker Harry Winston was in "sell-mode" for a while, we don't think anyone expected this.? In news coming from both side of the equation today, 100% of the Harry Winston company has been acquired by none other than the owner of Omega, Breguet, Hamilton, and like a zillion other watch brands, the Swatch Group.This marks a decided change for Winston, who was for a long time completely independent and privately held, and most recently, publicly traded but essentially independent.? To be fully acquired by a large conglomerate will mean a lot of changes to Winston, and we'll be anxious to see how this plays out.Here are some things to consider in this deal, from our perspective:- Harry Winston is considered the only true "high-luxury" brand remaining in America.? It has a fantastic legacy of true glamor and prestige (the Hope diamond is a Winston diamond), and to see it go into the hands of a giant Swiss conglomerate is bitter

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