Cyma Watch Buys U.S. Distributor

Cyma, a leading upscale Swiss watch brand, has purchased its U.S. distributor, Hugh Glenn Corp., which now becomes the Swiss company's U.S. branch. Terms of the transaction weren't released. No changes are planned for Hugh Glenn's operations or staff. Hugh Glenn continues as president, the company name remains the same, and its offices remain in New York City. The Glenn Corp., founded by watch industry veterans Hugh Glenn and Michael Sachowitz, introduced Cyma to the U.S. market in 1984 and built its distribution here into a network of some 600 retail jewelers. The purchase, Glenn told JCK, is "very good for the brand in the U.S. market, because it means an even deeper involvement here by the parent company, greater support for jewelers, and even more investment of capital." Glenn also expressed pleasure that his business had been purchased by "a private, family-owned company" rath
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