Corum USA LLC buyout by Montres CORUM Sàrl

Corum Black Ti-Bridge

Corum Black Ti-Bridge

OCTOBER 1st 2009 – Watchmaking brand CORUM has today signed the takeover agreement with immediate effect of Corum USA LLC, exclusive distribution agent of CORUM’s timepieces in the Northern American and Caribbean markets.

This acquisition is in line with CORUM’s global distribution policy and allows a stronger presence of the brand in the American market, whose significant size and commercial opportunities are considered of utmost importance. CORUM’s goal is to strengthen contacts with its retailers in Northern America and the Caribbean Islands and continue to build long-term relationships with optimal support for the sales of its timepieces.

Michael Wunderman, Johnny Wizman and Steven Wizman, owners of the American distribution since early 2008, remain involved in the watch business as owners and operators of the W Luxury Group, the exclusive North American distributor of Franc Vila timepieces. Michael will remain as President within the subsidiary company until the end of October. From November, Mr. Antonio Calce, CEO of CORUM Watches, will assume the interim presidency until the appointment of a new President.

The employees of Corum USA LLC will remain in office and continue as usual. CORUM’s management is grateful to count on the commitment and motivation of its new subsidiary company’s workforce. Relations with the distribution network will thus not be interrupted.

CORUM’s management would like to thank Michael Wunderman for his personal commitment to the brand’s development not only in the American market but all over the world.

With 160 employees worldwide, the independent family-held company CORUM is aware of the value of its teams and importance of human value. The brand initiated a global repositioning process several years ago and intends to continue its growth and reinforce its reputation in the American market thanks to a product strategy based on four iconic pillars and a strong distribution network.

Montres CORUM Sàrl
Rue du Petit -Château 1 – Case postale 374 – 2301 La Chaux-de-Fonds – Switzerland
Tél. +41 ( 0 ) 32 967 06 70 – Fax +41 (0) 32 967 06 00 –

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