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L'OREAL GROUP
Sales Executive - Professional Division - Bhopal
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Executive - Sales Cpd - Bhatinda (n)
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L'OREAL GROUP
Sales Executive - Cpd - Bhatinda
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L'OREAL GROUP
Area Sales Manager, Cpd - Chandigarh
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HEALTHKART
Area Sales Manager- Healthkart - Lucknow, Agra, Gwalior
Permanent · Lucknow
HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Lighting Retail Sales (Rajkot)
Permanent · Rajkot
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager
Permanent · Aurangabad
ELECTRONICA FINANCE LTD
Area Sales Manager - Bangalore Machinery Loan
Permanent · Bengaluru
NANDANI CREATION LTD
Production Manager
Permanent · Jaipur
ELECTRONICA FINANCE LTD
Area Sales Manager - Kolhapur Machinery Loan
Permanent · Kolhapur
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Ranchi
CELEKT GADGETS LLP(A UNIT OF CELKON IMPLEX LTD).
Area Sales Manager / Executive (Male or Female)
Permanent · Adilabad(U)
ACME SERVICES
Sales & Marketing Manager For a Leading Apparel Company
Permanent · Mumbai
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Bihar All District)
Permanent · Katihar
HEALTHKART
Area Sales Manager- Healthkart - Lucknow, Agra, Gwalior
Permanent · Lucknow
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Rajasthan) All District
Permanent · Kota
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Uttar Pradesh)
Permanent · Gorakhpur
KALPA ELECTRIKAL PVT. LTD
Hiring Assistant Production Manager- Transformers/ Switchgear Industry
Permanent · Bengaluru
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager - Delhi, Jodhpur & Kota
Permanent · Kota
MEDLEY PHARMACEUTICALS LTD
District Sales Manager - Calicut
Permanent · Kozhikode
CHOLAMANDALAM INVESTMENT & FINANCE
Area Sales Manager - Sme / Lap (Mumbai)
Permanent · Mumbai
CENTURY PLYBOARDS (I) LIMITED
Project Sales Manager
Permanent · Thiruvananthapuram
By
Reuters
Published
Jan 22, 2016
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Richemont buys rest of Roger Dubuis in watch industry shake-up

By
Reuters
Published
Jan 22, 2016

Swiss luxury group Richemont has bought the 40 percent of high-end watchmaker Roger Dubuis it did not already own, with analysts forecasting more small manufacturers will be snapped up by bigger rivals in an industry struggling with weaker demand.

"We now own 100 percent of Roger Dubuis," Richemont spokeswoman Sophie Cagnard said on Friday, confirming remarks by Roger Dubuis CEO Jean-Marc Pontroue to Swiss newspaper Le Temps.

The Roger Dubuis area at the SIHH 2016 in Geneva - SIHH


Richemont and Roger Dubuis declined to comment on the sale price. Vontobel analyst Rene Weber said it was likely to be less than Roger Dubuis' annual sales, which he estimated would total around 60 million euros ($65 million) for the year ending March.

Akram Aljord, an investor and chief executive of the watch brand Hysek, owned the 40 percent stake, Le Temps said.

A sharp slowdown in demand from China, previously the engine of luxury goods growth, has hit the watch industry hard.

A weak market could provide prime conditions for the consolidation of small brands.

"Given the tough situation I would not be surprised to see more watch deals with smaller players joining the bigger groups such as Swatch Group, LVMH and Kering in addition to Richemont," Kepler Cheuvreux analyst Jon Cox said.

‎"It is getting increasingly hard for small players to survive given we are now in the fourth year of weakness, with 2015 the worst year since 2009," he added. "The cash left over from the 2009-12 Chinese-led boom has been largely exhausted at the smaller houses, I suspect."

Vontobel's Weber estimated Roger Dubuis was just breaking even in terms of costs. The brand's watches sell for between 15,000 and 500,000 Swiss francs ($493,800), he added.
 

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