Swatch : Acquisition of a building at New Bond Street in London
October 05, 2023
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Swatch Group has just acquired a prestigious property on one of London's most luxurious thoroughfares. The building, located at 171 New Bond Street, has housed a salon for the Group's international luxury brand Harry Winston since 2006. The transaction is worth around CHF 90 million. The building, constructed in 1856, has 562 m2 spread over five floors.
In the first half of this year, the Group had already acquired a prime 1347 m2 property at 32 to 33 Old Bond Street for around CHF 120 million, and a store on the Champs-Elysées in Paris.
Harry Winston, the legendary "king of diamonds", reopened its flagship London salon in 2016 after a nine-month renovation. The Salon at 171 New Bond Street features Harry Winston's most exquisite collections of fine jewelry and timepieces, including the world's rarest diamonds and precious stones available today.
The Swatch Group AG published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 October 2023 10:07:19 UTC.
The Swatch Group SA is a Switzerland-based holding company engaged in the apparel and accessories industry. The Companyâs activities are divided into two core business segments: Watches and Jewelry, as well as Electronic Systems. The Watches and Jewelry segment includes the production and sale of branded watches, jewelry and quartz movements, notably the brands Breguet, Harry Winston, Blancpain, Glashuette Original, Jaquet Droz, Leon Hatot, Omega, Longines, Rado, Union Glashuette, Tissot, Balmain, Certina, Hamilton, Calvin Klein watches and jewelry, Swatch and Flik Flak. The Electronic Systems segment includes the production and marketing of electronic components, notably batteries and sports timing equipment. The Company also supplies products from these segments to third-party watchmakers. Swatch Group SA is represented worldwide through its subsidiaries and distributors, notably Tourbillion and Hour Passion, and operates Swiss production plants in Boncourt, Grenchen and Villeret.
SWATCH GROUP 
