The Swatch Group Ltd (?Swatch Group?), the world's largest watch manufacturer, has today announced the acquisition of an important stake within the Rivoli Group (?Rivoli?), 1 of the leading lifestyle luxury goods retailers inside the GCC (Gulf Cooperation Council) which operates over 245 retail outlets. The strong partnership Replica Gucci 8605 Series YA086306 Men's Watch will support Rivoli's regional expansion strategy including its entry into the Kingdom of Saudi Arabia and India. Headquartered in Dubai, Rivoli is a private retail company with a diverse portfolio of international luxury brands and an extensive retail network within the UAE, Bahrain, Oman and Qatar.
Established in 1988, the Rivoli Group has built a strong reputation as a leading luxury retailer. Rivoli is a portfolio company of Dubai International Capital. The Swatch Group is the world's largest watch manufacturer with over 19 brands, Replica Gucci YA102575 Petite Ladies' Watch going from the luxury and prestige segment with Breguet to the basic range with Swatch with over 160 factories in Switzerland (23,000 employees worldwide) and delivereing movements apart from the own brands to the while Swiss watch industry. Last year, the turnovr of the Swatch Group was record 6 billion Swiss Francs.
Nayla Hayek, Member Board of Directors of the Swatch Group said: ?Our investment in Rivoli cements the long-term partnership we have shared for over two decades and will be not just beneficial to both parties but also to the consumer inside the region. Our association with Rivoli Group has broadened strongly throughout this Replica Gucci 6800 Series YA068534 Ladies' Ivory Bamboo Watch period to include the representation and retail of the spectrum of our watch brands inside the UAE. The GCC region is 1 which possesses high growth potential and with this partnership we plan not just to tap into the opportunities that the region offer but also to increase the service to the consumer. ?Commenting on the new partnership, Rivoli Group's Managing Partner, Ramesh Prabhakar said: ?
