Rivoli Investments LLC mainly engaged in watch retail business, including Swatch Group Ltd. 's Various brands of products, with more than 360 retail stores network in the Middle East and employs more than 1,500 people . Swiss private bank Vontobel analyst Rene Weber estimates Rivoli Investments LLC 60% of its sales from Swatch Group Ltd. (UHR.VX) Swatch Group brands.
Swiss watch exports in the Middle East is one of the fastest growing markets . During the first ten months , the Swiss watch to the UAE grew by 13.3 percent year on year export value reached 771.5 million Swiss francs, making the UAE the tenth largest market for Swiss watch exports .
Exane BNP Paribas BNP Paribas analyst Luca Solca forecast Swatch Group Ltd. Swatch this by holding Rivoli Investments LLC to integrate the Middle East retail channel for the group will bring faster sales growth and better operating performance in the locality. And Rene Weber is told Reuters Rivoli Investments LLC will only join the Swatch Group Ltd. Swatch contribute 1% of sales in 2014.
Luca Solca expected Swatch Group Ltd. (UHR.VX) Swatch next goal will be the integration of Greater China 's largest watch retailer Hengdeli Holdings Limited . Currently Swatch Group Ltd. Swatch Hendry holds a 9% stake , is the second largest shareholder of the latter , but if you count Hendry (3389.HK) Chairman Zhang Yuping, 2011 in exchange for $ 100 million , for a period of personal loans for three years while the Swatch Group Ltd. Swatch shares pledged 500 million shares Hendry , Swatch Group Ltd. actual stake Swatch was 20.42% . The LVMH Mo t Hennessy Louis Vuitton SA Moet Hennessy - ? Louis Vuitton Group also owns Hendry (3389.HK) 6.4% of the shares.