Titan to buy Favre Leuba
New Delhi, Nov 16, DHNS:
Titan Industries, on Wednesday, said it is set to acquire Swiss watch brand Favre Leuba for up to 2 million Euro (over Rs 13 crore) as a part of its strategic business plan to expand product portfolio.
Titan Industries has signed a binding offer with Valfamily SL Spain and Maison Favre Leuba of Switzerland for the acquisition, post which Titan will secure global rights of the brand, Titan said in a filing to the BSE.
