Watches of Switzerland Acquires Roberto Coin's U.S. Operations for $130 Million

The strategic purchase positions Watches of Switzerland to expand its luxury jewelry footprint in North America.

Watches of Switzerland gains exclusive distribution rights and ownership of the Roberto Coin brand in North America, including the U.S., Canada, Central America, and the Caribbean.
The acquisition, valued at $130 million, was financed through a $115 million term loan, enhancing Watches of Switzerland's presence in the global luxury jewelry market.
Roberto Coin, a top Italian jewelry brand established in 1996, reported a pre-tax profit of $30.1 million on revenues of $146.2 million in 2022.
The deal includes plans to elevate the Roberto Coin brand through enhanced in-store presence, digital sales, and the development of mono-brand and franchised boutiques.
Roberto Coin will continue as an independent entity within Watches of Switzerland, with its founders retaining significant roles, ensuring brand continuity.