News

Dubai International Capital completed the sale of its remaining shareholding in Rivoli

11th December 2013

Dubai International Capital (DIC) completed the sale of its remaining shareholding in Rivoli to the Swatch Group in December 2013.

DIC became a significant shareholder in Rivoli in 2007 by acquiring a 40% stake in the business and has exited its investment in the Company through share sales  to the Swatch Group in 2008, 2012 and 2013. During DIC’s investment period, Rivoli doubled the number of retail locations and sales, enhanced its brand portfolio, expanded into new territories in the Gulf region and supported the strengthening of the strategic partnership with Swatch.