Hermes leather takeover offer for the high-end Swiss watch manufacturer

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France Group (Hermes) has announced that the group is working with high-end Swiss watch dial manufacturer Nat��ber exclusive takeover negotiations. Hermes leather and other luxury counterparts also the implementation of the Hermes Birkin 40 strategy of internationalization of production, in order to better respond to the strong demand of Asia and other overseas markets.

The before

the group stake in Vaucher, Manufacture of watches and clocks, parts suppliers, and holds a stake in the case manufacturer JosephErard. Desai Burns, president of Hermes Hermes Kelly Bags watches business, said in a statement: "Hermes watches rapid growth of business, the new acquisition a few months ago, shares by Joseph Erard reflect a charge control watch industry expertise in strategy.

2011, Hermes watches sales increased by 23%, reaching 138.7 million euros, accounting for 5% of total Discount Hermes Bags group sales.

competitors

Hermes - LVMH Group, currently holds 22.3% stake in the group. LVMH Group acquired in November last year, the watch manufacturer

ArteCad. Prior to this, the Group also acquired a Swiss watch the provider Lafabriquedu Temps,. French PPR Group acquired watch manufacturer the Sowind Group50.1% of the shares.

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