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Richemont buys MinervaFresh from the press, Richemont acquires MinervaThere goes their independancy, but here comes (probably) replica watches!! Finally, after all those prototyping, rumours etcthis might¬†be their chance to fight themselves back in the marketplace.Right here is the article as it was published today on Richemont.com:"Richemont, the Swiss luxury goods group, is glad to announce that this has acquired Fabrique d‚ÄôHorlogerie Minerva SA in the private transaction from G deep blue watches . P. P. International SA, Luxembourg.The watch brand Minerva started by Charles Robert in 1858 and it is located in Villeret, Switzerland. It offers 22 employees which is today devoted to the expansion and manufacturing of top end mechanical movements.The transaction can have no material influence on Richemont's consolidated net assets and will not have any affect on profitability for that year ending 31 March 2007. Richemont owns a portfolio of leading international brands or ‚ÄòMaisons‚Äô, that happen to be managed independently of a single another, recognising their individuality and uniqueness. The lenders be employed in five areas: Jewellery Maisons ball watch , being Cartier and Van Cleef & Arpels; Specialist watchmakers, watches and that is consisting of Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai along with a. Lange & S??hne; Writing instrument Maisons - Montblanc and Montegrappa; Leather and accessories Maisons, being Alfred Dunhill and Lancel; and Other businesses, such as, specifically, Chlo?© and various smaller Maisons and watch component manufacturing activities for businesses.Together with its luxury goods business, Richemont holds an 18.6 % curiosity about British American Tobacco." replica breguet buy watches
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