Citizen Completes Acquisition of Bulova

Citizen Watch Co. Ltd. in January completed the $250 million acquisition of global timekeeping company Bulova Corp. from Loews Corp. Bulova, founded in 1875, and headquartered in Woodside, N.Y., has offices in Switzerland, Canada, Mexico, and the Far East. Citing a “strategic commitment to becoming a multi-brand company,” Citizen said in a statement that it will operate Bulova as a separate organization, maintaining its current offices and operational structure worldwide. Bulova's relationships with established vendors will continue. At the same time, Citizen, through its research and development arm, plans to support development of technologies unique to Bulova, said the statement. Citizen also intends to maintain and strengthen Bulova's international expansion strategy and share operational expertise where appropriate. Dennis W. Perry was named president of Bulova, succeeding
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