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Corum to take over North American distribution

CEO Calce to become interim president

October 05, 2009
Corum's Romvlvs Tourbillon timepiece features a "wave-profile" bezel engraved with 12 Roman numerals and is limited to 10 pieces.

La Chaux-de-Fonds, Switzerland--Montres Corum Sarl (Corum) has signed an agreement to buy out Corum USA LLC, the exclusive distribution agent of the Swiss watch brand's timepieces in the Northern American and Caribbean markets.

According to a media release, the acquisition is in line with Corum's global distribution policy and allows the brand to have a stronger presence in the American market, whose size and commercial opportunities are considered of utmost importance.

In addition, Corum hopes to strengthen its contacts with its retailers in Northern America and the Caribbean and to continue to build long-term relationships with optimal support for the sales of its timepieces.

Michael Wunderman, Johnny Wizman and Steven Wizman, owners of Corum USA LLC since early 2008, will remain involved in the watch business as owners and operators of the W Luxury Group, the exclusive North American distributor of Franc Vila timepieces, according to the release.

In addition, Wunderman will remain president of the subsidiary company until the end of October, at which point Corum Chief Executive Officer Antonio Calce will assume the interim presidency until the appointment of a new president.

According to the release, employees of Corum USA LLC will continue on with the company as usual without interruption to the distribution network.

For more information about Corum, visit its Web site, Corum.ch.
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