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Tuesday, 17th August 2004 (6008 views)

US firm Nobel Watch has revealed plans for a "significant expansion" of its operations and businesses.<BR/><BR/>According to JCK the luxury watchmaker has launched a private stock offering to investors to raise over $1 million and hopes to go public before the end of next year.<BR/><BR/>Money from company stock sales will be used for a national advertising campaign, which will boost consumer awareness of the brand and add support to its retailer network, as well as opening additional stores.<BR/><BR/>Among the items offered by the company are 18 carat gold watches and watch features, with a new limited edition signature collection planned at some point this year.<BR/><BR/>Any further funding for the growth of the business is to come from additional offerings or traditional credit channels.<BR/><BR/>Nobel was set up eight years ago and now produces tens of thousands of watches, mainly supplying independent jewellery stores and boutiques.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3240682"/>

 

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