IWC to Expand Watch Production in Switzerland, Blick Reports

International Watch Co., owned by Cie Financiere Richemont SA (CFR), plans to expand production in Switzerland, Blick said, without saying where it got the information.

The Swiss watchmaker will spend 2.9 million francs ($3.1 million) to expand offices in Schaffhausen and will acquire 20,000 square meters of manufacturing space in Merishausertal, the newspaper said.

To contact the reporter on this story: Leigh Baldwin in Zurich at lbaldwin3@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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