Montres Corum Sàrl signed an agreement effective October 1 giving it control of Corum USA LLC, the exclusive distribution agent of Corum’s timepieces in the North American and Caribbean markets. Corum states that the acquisition is in line with their global distribution policy and allows a stronger presence for the brand in the American market, which the brand considers to be of the utmost importance.
Michael Wunderman, Johnny Wizman and Steven Wizman, owners of the American distribution since early 2008, remain involved in the watch business as owners and operators of the W Luxury Group, the exclusive North American distributor of Franc Vila timepieces. Michael will remain as President within the subsidiary company until the end of October. From November, Mr. Antonio Calce, Corum’s CEO, will assume the interim presidency until the appointment of a new President.
The employees of Corum USA LLC will remain in office and continue as usual. Corum’s management is grateful to count on the commitment and motivation of its new subsidiary company’s workforce. Relations with the distribution network will not be interrupted.