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Fendi acquires watchmaker Taramax
LVMH-owned Fendi has acquired Swiss private label watchmaker Taramax, the company which has produced the luxury accessory house’s watches under licence. Fendi had previously held a 51 percent stake in the Taramax SA business and has now acquired the remaining shares. Pietro Beccari, Fendi’s chief executive officer, announced that acquisition was made to streamline its […]