DKSH Holding AG Announces Sale Of Maurice Lacroix

July 13, 2015

Bloomberg Business has just announced that DKSH Holding AG, the owner of Swiss watch brand Maurice Lacroix, has put the brand up for sale.Bloomberg cites the surge of the Swiss franc against the euro as a major factor in "reducing the value of the revenue that Swiss watchmakers make abroad," and also says that niche fan-favorite Glycine may be sold off as well.Full story here on Bloomberg.