Deals
Harry Winston CEO Interested in Buying Rio’s Diavik Stake
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Harry Winston Diamond Corp., selling its luxury retail unit to Swatch Group AG, is interested in buying Rio Tinto Group’s 60 percent stake in the Diavik mine in Canada’s Northwest Territories.
Harry Winston’s sale of its watch and jewelry unit, announced today, gives the company “headroom in our credit facility to do another transaction,” Harry Winston Chief Executive Officer Robert A. Gannicott said today in a telephone interview. The Toronto-based company “will be looking for other things to do,” he said.