Apollo To Buy UK Jeweler, Watchmaker Aurum

Law360, New York (December 7, 2012, 1:18 PM EST) -- Private equity giant Apollo Global Management LLC has agreed to acquire U.K. jeweler and watchmaker Aurum Holdings Ltd., Apollo announced Thursday.

New York-based Apollo said it would acquire AURUM, the largest prestige and luxury jewelry retailer in the United Kingdom, through local affiliates. The deal is expected to close during the first quarter of 2013.

Aurum's brand portfolio includes the Watches of Switzerland, Mappin & Webb and Goldsmiths product lines. Chairman Don McCarthy said in a statement that the acquisition by Apollo boosts the company's growth...
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