Junghans, Bedat Get New Owners

Two stars of the watch cosmos—one rising, the other long-established—acquired new owners in November, capping another year of mergers and acquisitions in Europe's mid- and luxury-priced watch industry. Junghans, the well-known upscale German brand established in 1861, was purchased by EganaGoldpfeil Ltd., a global marketer of fashion accessories. Gucci Group, one of the world's leading multi-brand luxury goods companies, acquired a controlling interest in Bedat & Co., the Geneva-based Swiss watchmaker whose luxury timepieces have enjoyed solid and growing success in the United States since their introduction in 1997. Junghans. Junghans was purchased from the Diehl Group for about $39 million ($304 million Hong Kong dollars) by EganaGoldpfeil, (formerly Egana International). The transaction, financed by EganaGoldpfeil's internal resources, included all shares in Junghans, its de

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