PRECIOUS GEMS
India’s Titan to acquire control of Dubai’s Damas for $283 million
Titan said it will make the acquisition of Damas through Signature Jewellery Holding, which is registered in the Dubai International Financial Centre
Damas website
Damas storefront
Add The Circuit on GoogleDubai-based jeweler Damas, which operates almost 150 stores across the Gulf, is being acquired by Titan, an Indian maker of fashion accessories.
Under terms of the $283 million deal announced in Mumbai, Damas will sell a 67%...