# DKSH sells its 25% stake in Swiss luxury watchmaker Bovet
Published: 2022-12-30
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: DKSH to Sell 25% Stake in Swiss Luxury Watchmaker Bovet to Pascal Raffy
Meta Description: DKSH sells its stake in Bovet to Pascal Raffy, making him the sole owner. Transaction has minimal impact on DKSH's financials.
URL: https://internationalreleases.com/dksh-sells-its-25-stake-in-swiss-luxury-watchmaker-bovet/

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ZURICH (Reuters) – DKSH will sell its 25% stake in Swiss luxury watchmaker Bovet to Pascal Raffy, the company said in a statement on Friday.

The transaction makes Raffy, which already owns 75% of Bovet, the watchmaker’s sole owner.

“The transaction does not materially affect DKSH’s profit and loss statement,” the company said.

(Reporting by Noele Illien; Editing by Christian Schmollinger)


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