Timex Group takes full control of Daniel Wellington, three years after its first stake
A 25 percent stake taken three years ago has become full ownership. Timex says Daniel Wellington will keep running as its own brand — the line every acquirer says, and the one worth watching.
Timex Group has completed the acquisition of full ownership of Daniel Wellington, the Scandinavian watch and jewellery brand, the company said. Timex had held a 25 percent stake in Daniel Wellington for three years before this transaction; financial terms of the deal were not disclosed.