Connect with us

Hi, what are you looking for?


DKSH Sells 25% Stake in Bovet


Zurich-based holding company DiethelmKellerSiberHegner, aka DKSH, has officially announced that they have sold 25% stake in Swiss watchmaking brand Bovet Fleurier SA to Pascal Raffy, according to a press release.

Pascal Raffy owns 75% of Bovet’s share capital and first purchased the majority share of the brand in 2001 for around $5 million with the goal to develop a vertical integration strategy, per a Forbes report.

According to the release, via Yahoo Finance: “On December 29, 2022, DKSH Holding AG and Mr. Pascal Raffy, owner of 75% of the share capital of Bovet Fleurier SA, have agreed on the sale of DKSH Holding AG’s 25% stake in Bovet Fleurier SA to Mr. Pascal Raffy. The transaction does not materially affect DKSH’s profit and loss statement.”

You May Also Like


Nordstrom reported that net sales at its eponymous retail stores fell 3.4% in its third quarter, and overall sales for the company slowed down...


Marks & Spencer is just the latest retailer to cut back orders as warehouse stocks rise, joining a number of British retailers are facing...


Abercrombie & Fitch says that it was “cautiously optimistic” about the holiday season and forecast a smaller-than-expected drop in current-quarter sales following demand that...


The Carbon Disclosure Project (CDP) has unveiled the brands that  made it to this year’s A List, a celebrated list that recognizes a company’s...