BREITLING Sold To CVC CAPITAL PARTNERS For More Than US$870 Million

Even in the extremely turbulent period, the watch industry has lasted for nearly two years, and is a rare news brand exchanger – this is why today is a day of note because it has just announced that Spirit has sold more than 800 million Euros to CVC Capital Partners ( About 873 million U.S. dollars or 866 million Swiss francs.

Until this moment, Spirit has normal only a few major independent brands. Chopard and Patek Philippe keep the other two family players in the industry together with one of the four big groups under the other big brands (Swatch Group, Louis Vuitton, Lifeng and Ker) or other major entities such as Rolex and Tudor with the Hans Wilsdorf Foundation. The last major news of this nature is that last year Citizen Watch Co. acquired the family-owned Frederique Constant, Alpina, and Atelier de Monaco.

Despite this, the former major stockholder, Theodore Schneider, will remain in Cheap Breitling Replica Watches because he agreed to reinvest 20% of Breitling’s shares as part of the CVC Capital Partners deal. Ironically, just last May, Breitling’s vice president Jean-Paul Girardin told Reuters that he was confident that Breitling would remain independent, despite speculation from outsiders in 1979. After Ernest Schneider passed away in 2015, the brand will remain independent.

However, shortly after that interview, Bloomberg reported at the end of November last year that Fake Breitling Watches had been in the hands of the Schneider family since 1979 and was therefore “sold”. Breitling has always been a family-run company and his son Theodore Schneider took over the company from the late 1970s to the early 1990s. Although Theodore is the CEO of the unremarkable (very rare) watch, he is said to have participated in the company’s operations to a large extent.

At the end of last year, when speculation about the sale of Breitling was rampant, analysts expected that the manufacturer, which has about 900 employees and produces about 150,000 watches per year, would be between 600 million and 900 million Swiss francs (CHF). The price is sold. So far, we know that Breitling was acquired at a price of more than 866 million Swiss francs – Breitling’s annual sales are about 420 million Swiss francs, which may enable the company to maintain the required financial stability in these difficult times, and Hope to become more powerful after the transaction.

As for the official plans of CVC and Best Breitling Replica Watches, Daniel Cidur, CVC’s senior managing director, said: “Using our network and expertise, CVC will strive to make this global iconic brand even more famous and help shape Switzerland. The future of an independent watch manufacturer.” Specifically, we found that Breitling has tremendous growth potential in both existing and new geographic regions by promoting the digitization of the company’s marketing and distribution channels, helping to enrich products and Customer Experience.

Breitling has produced some high-quality movements, dials, cases and bracelets for its watches, which have great potential. Personally, I am a bit worried that they will be part of a large financial group. In the watch industry, the era is really getting better and worse. This is nothing new, but I do hope that Breitling Replica Watches will not belittle his own brand and product in the pursuit of higher short-term profits. If you deal with Chronomat or Navitimer recently, you will know that Spirit still has a long way along the food chain quality, for sports, situations, bracelets, dials keep some really sturdy when we have seen many high-end brands go cheap The quality of design and execution.

Challenges before splitting include solving powerful discounts and a large grey market, and gaining more attraction in existing and new markets through streamlined and stronger brands and marketing. They produce a wide range of watches, from Colt Skyracer worth $2,000 to cosc-certified quartz movements and carbon-composite cases (hands here), Bentley Supersports B55 (explained here) via Bluetooth, and then to the real Breiting classic products, such as Navitimer 01 (commentary here), to the expensive, $ 40,000 super marine traditional timer (here). All this shows that Breitling companies are built on a solid foundation for a multi-purpose collection, but their visibility and global influence must be improved – both parties hope that “CVC’s network and expertise” can help .

The latest news from Breitling included the production of a timed movement for the Tudor Heritage Black Bay Chrono (hands here) and their basic three-handed movement from the Tudor. Although this was not confirmed, it implied that Breitling had not used production capacity and broke the industry-wide principle that they chose not to invest in developing their own basic manufacturing capabilities, but rather to develop similarly qualified production capabilities.

The transaction between Breitling and CVC Capital Partners is expected to be completed around June 2017 and needs approval from the competition authority. How long will Theodore Schneider stay in the Bray Mausoleum and what role to play there? We need to understand. Source: Bloomberg, Via WatchesBySJX.

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