Brand Profiles

Save E-mail Print Most Popular RSS Reprints

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.
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

More Brand Profiles

Breitling timepiece
Report: Online demand for watches up 24.5 percent

The use of the Internet as a shopping and browsing venue for watches is on the rise, with the latest edition of the WorldWatchReport showing that online global demand for watch brands, as measured by the number of online searches, is up 24.5 percent. Read More

LGI: Watch sales up 18 percent in January
Hublot names new U.S., Latin America president
Ice-Watch launches in Dillard's, eyes U.S. growth
Cartier confirms it is closing accounts
More Brand Profiles

More Like This

Design Portfolio

Daily News

Get breaking news from the industry's premier information source.
See Sample & Privacy Policy

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Sponsored by:

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement