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Binda Group to Merge with Geneva Watch
September 05, 2008

Milan, Italy-based Binda Group has acquired Advance Watch Group Ltd.--also known as Geneva Watch Group--from Boston-based private-equity firm Heritage Partners, according to Dnrnews.com. The cost of the acquisition was not disclosed. Once merged, the timepiece and jewelry firm will be a $650 million-plus business. Jeff Gregg, CEO of Geneva Watch Group, will remain in his post, reporting to Gianni Pieraccioni, Binda Group's managing director. Marcello Binda, co-CEO of Binda Group, said the acquisition allows the group to "further strengthen its international presence and share competencies with a successful U.S. company." Geneva's brand portfolio includes licenses for Kenneth Cole, Tommy Bahama, Betsey Johnson, BCBG Max Azria, Ted Baker London, Mexx, Speedo and Freestyle.

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Video: Inside JCPenney’s Manhattan Mall Store
DDI visited the new JCPenney department store at Manhattan Mall in New York and spoke with store manager Joe Cardamone. Below is video of that conversation paired with a walk-through tour of the new store. For more on the JCPenney store, look out for DDI's November/December issue mailing out at the end of November.



 
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