The watchmaking brand Corum has signed today the takeover agreement with immediate effect of the company Corum USA LLC, exclusive distribution agent of Corum’s timepieces on the Northern American and Caribbean markets.

This buyout is in line with Corum’s global distribution policy and allows a stronger presence of the brand on the American market, whose significant size and commercial opportunities are considered of utmost importance. Corum has set as goal to strengthen its contacts with the retailers in Northern America and the Caribbean Islands to build up a long-term relationship with optimal support to the sales of its timepieces.

Michael Wunderman, proprietary of the American distribution since 2008 has chosen new professional horizons. He will remain President within the subsidiary company until the end of October. From November Mr. Antonio Calce, CEO of Corum Watches, will ensure the presidence at interim till the appointment of a new President.

The employees of Corum USA LLC remain in function and hold their occupation. Corum's management is grateful to count on the engagement and motivation of its new subsidiary company’s workforce. The relations with the distribution network will thus not be interrupted.

Corum’s direction board would like to thank Michael Wunderman for his personal commitment to the brand’s development not only on the American market but all over the world. With its 160 employees in the world, the independent family-held company Corum is aware of the value of its human capital. The brand has initiated a global repositioning process several years ago and intends to continue its growth and reinforce its notoriety on the American market thanks to a product strategy based on four iconic pillars and a strong distribution network.

Source: Corum