SWATCH GROUP Aquires Stake in Rivoli Group

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The Swatch Group LtdSwatch Group»), the world’s largest watch manufacturer, has today announced the acquisition of an important stake in the Rivoli GroupRivoli»), one of the leading lifestyle luxury goods retailers in the GCC (Gulf Cooperation Council) which operates over 245 retail outlets. The strong partnership will support Rivoli’s regional expansion strategy including its entry into the Kingdom of Saudi Arabia and India.

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