2013 witnessed the landmark acquisition of Swiss watchmaker Corum by Hong Kong-listed CityChamp Watch & Jewelry (formerly China Haidian Holdings) for $90.9 million, marking the first instance of a Chinese buyer acquiring a prestigious Swiss luxury watch brand.
According to CityChamp Watch & Jewelry’s 2022 annual report, Corum’s revenue surged by 59% to HKD 176 million in 2022, although it had reached HKD 351 million in 2013.
Founded in 1955, Corum is renowned for producing luxury jewelry watches and gold watches, representing a prominent Swiss luxury watch brand. …
