Swatch Agrees to Buy Dubai Luxury Retailer Rivoli Investments

Technocorp Holding Ltd., a Swatch Groupcompany, is increasing its stake in Dubai-based company Rivoli Investments LLCby purchasing a tranche of shares and is thus taking control of Rivoli Investments LLC. Swatch Grouppreviously held a 40% equity interest in Rivoli Investments LLCthrough its Technocorp subsidiary. Rivoli operates a network of over 360 retail businesses in…