vendome group buys vacheron constantin replica -

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The Vendome Luxury Group ?owner of Cartier, Piaget and Baume & Mercier ?has added Swiss watchmaker vacheron constantin to its stable of luxury product brands. Vendome bought the ma- jority-stake shares of the 242-year-old company from Sheik Ahmed Yamani,[link widoczny dla zalogowanych], the former Saudi oil minister.
Though no price was disclosed,[link widoczny dla zalogowanych], industry sources estimate the cost at $77 million to $85 million.
Vacheron is the oldest continuously operating watch company making handcrafted timepieces. Its current production and illustrious past contribute to the inclusion of its timepieces in some of the world finest private collections and at watch auctions worldwide.
he development of vacheron constantin will be pursued in accordance with the philosophy of the Vendome Group, which respects the identity,[link widoczny dla zalogowanych], the individuality and the philosophy of each of its brands,?says Joseph Kanoui, president of Vendome.
The acquisition is good news for the Swiss watch industry,[link widoczny dla zalogowanych], says Peter Laetsch, director of the New York office of the Federation of the Swiss Watch Industry. I think vacheron constantin is in excellent hands with Vendome,?he says. (Vendome watch sales rose an estimated 13% in 1996.)

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