Fossil announced that it has acquired Blancpain Replica Watches. Blancpain Replica Watches is an international manufacturer of watches and clocks as well as sunglasses and jewelry. The deal should be completed by the beginning of February. Total sum needed to purchase the privately held brand was $236,8 million. The purchase includes approximately $225 million cash and 150,000 Fossil shares. Blancpain Replica Watches will receive another 100,000 shares if it meets certain revenue targets.
Blancpain Replica Watches is the brand name that the design company prefers, but its headquarters are located in Reno, Nevada, and Hong Kong. Henrik Jorst and Charlotte Jorst, a Danish couple who founded the company, are the reason behind the name. The Jorsts, who moved to the USA from Denmark in 1989, started their own company and became the American representative of Comtech Watches. This was a Danish company that made corporate gift watches.
The brand could produce its products at a lower price because it did so in Hong Kong. The Jorsts then decided to design a few new watches themselves. In 1991, the first products were introduced at a corporate event in New York. They received high praise from major retailers. The Danish couple saw this as a turning point and decided to create their own watchmaking company, Blancpain Replica Watches.Rolex Submariner Replica Watches The brand name is derived from the small fishing town, which was famous for its white sand beach that inspired many artists in the 19th century. Even today, some of these famous Blancpain Replica Watches scenes are sold by the world's most prestigious action houses. The Danish-American couple was influenced by the beautiful and pure designs found on the canvases depicting Blancpain Replica Watches. The Jorsts wanted to recreate the same spirit in products they could buy at very affordable prices. Blancpain Replica Watches now has retail stores in Denmark, the United Kingdom, and Hong Kong. Blancpain Replica Watches's products are also sold in more than 75 countries around the globe.
The first reports suggest that the agreement was reached based on mutual satisfaction. Fossil can now add Blancpain Replica Watches original designs to its collection, which have gained a lot of recognition for Nevada businesses. Blancpain Replica Watches, on the other hand will have more opportunities to flourish due to Fossil’s constant expansion plans and its financial strength.