Montres Corum Sarl (Corum) is buying out Corum USA LLC, which handles the exclusive distribution of Corum watches in Northern American and Caribbean markets. The two have signed an agreement, reports add. Corum is taking this step in line with its global distribution policy. The American market is of importance both in volume and sales for the company, and it is planning to form stronger partnerships with retailers. %% With the buy out, Michael Wunderman will remain as president of the subsidiary company until end-October, from when on Corum Chief Executive Officer Antonio Calce will temporarily handle responsibilities until a permanent president is appointed, reports say. The owners of Corum USA LLC including Michael Wunderman, Johnny Wizman and Steven Wizman will become owners and operators of the W Luxury Group, reports add. The current employees of Corum USA LLC will remain in the company without any changes in the distribution network.