Watch Watch

VENDOME GROUP BUYS VACHERON CONSTANTIN The Vendome Luxury Group – owner of Cartier, Piaget and Baume & Mercier – has added Swiss watchmaker Vacheron Constantin to its stable of luxury product brands. Vendome bought the ma- jority-stake shares of the 242-year-old company from Sheik Ahmed Yamani, the former Saudi oil minister. Though no price was disclosed, industry sources estimate the cost at $77 million to $85 million. Vacheron is the oldest continuously operating watch company making handcrafted timepieces. Its current production and illustrious past contribute to the inclusion of its timepieces in some of the world’s finest private collections and at watch auctions worldwide. “The development of Vacheron Constantin will be pursued in accordance with the philosophy of the Vendome Group, which respects the identity, the individuality and the philosophy of each of its
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