The world’s largest luxury-only watchmaking group Compagnie Financiere Richemont has acquired a 60 percent stake in Manufacture Roger Dubuis in a private transaction with founding shareholder Carlos Dias.

The Group announced this development August 11, 2008 and it marks a culmination of several moves involving Geneva-based Roger Dubuis and Richemont. Richemont had already acquired the component-manufacturing facilities of Roger Dubuis in September 2007 and distribution rights for the brand in certain key markets.

With the acquisition of a controlling stake, Roger Dubuis will gain access to the Group’s distribution network and operate within the Group much like the other watchmaking brands in the portfolio, including Cartier, IWC Schafffhausen, Jaeger-LeCoultre, Montblanc, Piaget and Vacheron Constantin.