Franck Muller Group Acquires Majority Control of Rodolphe Watches

The Franck Muller Swiss luxury watch group has acquired majority control of the luxury watch and jewelry companies of well-known Swiss watch designer Rodolphe Cattin. A company announcement March 22 said it has "slightly above 50 percent" of the Cattin companies—Rodolphe & Co. (Neuchâtel, Switzerland) and Rodolphe Montres et Bijoux (Bois, Switzerland). Details of the transaction weren't released. The Rodolphe brand will become the first in a newly created "Lifestyle Watches division" of Franck Muller, says the company. Cattin, who founded his company 15 years ago, will continue to have "both creative and management independence," said the Muller Group announcement. Vartan Sirmakes, co-founder and chief executive officer of the Franck Muller Group, said the transaction is "in accordance with our strategy to expand our brand portfolio." That multibrand strategy began a few years

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