×
80 322
Fashion Jobs
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · Greensboro
BATH & BODY WORKS
Buyer Procurement
Permanent · Columbus
BATH & BODY WORKS
Senior Procurement Manager, Information Technology
Permanent · Columbus
BATH & BODY WORKS
Senior Buyer, IT Procurement
Permanent · Columbus
BATH & BODY WORKS
Maintenance Manager
Permanent · Columbus
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Crestwood
KOHLS
Category Sales Account Manager - Kohl's Media Network *Remote*
Permanent · Menomonee Falls
KOHLS
Manager, Category Account Sales - Kohl's Media Network *Remote*
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Associate
Permanent · Findlay
KOHLS
Product Manager ii
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Albuquerque
KOHLS
Compliance Analyst
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Albuquerque
KOHLS
Full-Time Loss Prevention Officer
Permanent · Deer Park
KOHLS
Full-Time Loss Prevention Officer
Permanent · Silver Spring
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Parker
L'OREAL GROUP
l'Oreal Vice President, Data, CRM & Loyalty
Permanent · New York
OLD NAVY
General Manager - Butler Plaza West
Permanent · Gainesville
NORDSTROM
Asset Protection - Agent - Del Amo Fashion Center
Permanent · Torrance
NORDSTROM
Asset Protection - Agent - Northgate Rack
Permanent · Seattle
NORDSTROM INC
Learning & Leadership Manager, Supply Chain - Hybrid
Permanent · Seattle
NORDSTROM INC
Area Manager Warehouse Wcoc -Riverside, ca
Permanent · Riverside
By
Reuters
Published
Oct 17, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Harry Winston looking to sell watch, jewellery business

By
Reuters
Published
Oct 17, 2012

PARIS - Harry Winston Diamond Corp (HW.TO) is looking to sell its watch and jewellery business to concentrate on its mining business instead, and has been approaching potential buyers such as luxury groups LVMH (LVMH.PA) and PPR (PRTP.PA), a source close to the matter said.




Photo: Harry Winston

"They are looking to sell these assets and are doing the rounds among potential buyers," one of the sources said.

Harry Winston, which started as a small jeweler in New York in 1924, was made famous by Marilyn Monroe's reference to the firm in the song "Diamonds Are a Girl's Best Friend".

Every year it lends hundreds of millions of dollars worth of jewels to actresses making red carpet appearance at events such as the Oscars.

The company, which owns 40 percent of the Diavik Diamond Mine joint venture, Canada's largest diamond miner, posted lower quarterly profits last month and said luxury demand had slowed as consumers had become increasingly cautious due the uncertainty in the global economy.

PPR, which owns jeweler Boucheron and watch brands Girard-Perregaux and JeanRichard, has always said it wanted to make acquisitions in "hard luxury," namely watches and jewellery.

LVMH, the world's biggest luxury group, which completed the acquisition of Italy's Bulgari last year, also owns jewelers Fred and Chaumet as well as watchmakers Tag Heuer, Hublot and Zenith and is also on the lookout for potential acquisitions.

Shares in Harry Winston, were up 7 percent on Wednesday in morning trade on the Toronto exchange at C$14.49.

Both PPR and LVMH declined to comment, as did a spokeswoman for Harry Winston.

(Reporting by Astrid Wendlandt)

© Thomson Reuters 2022 All rights reserved.