Breitling Sold To CVC Capital Partners For More Than $870 Million

Even in the era of extreme turmoil in the watch industry that has been going on for nearly two years, it’s rare to see major brand deals – that’s why today is a noteworthy day, just because Cheap Breitling Replica Watches has just sold more than 8 to CVC Capital Partners. One hundred euros – about $ 873 million or 866 million Swiss francs.

Until now, Breitling is one of the few independent major brands – Chopard and Patek Philippe are still two other family-owned companies in the industry, and all other big brands are owned by the four major groups. (Swatch Group, LVMH, Richemont and Kering) or other major entities such as Rolex and Tudor and Hans Wellsdorf Foundation. The last big news of this nature was that Citizen Watch Co. acquired the family businesses Frederique Constant, Alpina and Atelier de Monaco last year.

Despite this, former major shareholder Theodore Schneider will remain in Breitling as part of the CVC Capital Partners deal, he agreed to reinvest in a 20% stake in Breitling. Ironically, just last May, Jean-Paul Girardin, vice president of Breitling Replica Watches, told Reuters that he was confident that Breitling would retain its independence, despite speculation that in 2015, Mennes Schneider in 2015 After acquiring the brand, its future will move toward the future.

Despite this, shortly after the interview, Bloomberg (the destroyer of today’s news) reported at the end of November last year that since 1979, Breitling has been “sold” in the hands of the Schneider family. Fake Breitling Watches has a lot in one In the family business, Ernest Schneider started operating it in the late 1970s until the early 1990s when his son Théodore Schneider took over. Although Theodore is a (very rare) type of quiet watch CEO who is not focused on the crowd, he is said to be very involved in running the business.

At the end of last year, when speculation about Breitling sales appeared, analysts expected the manufacturer, which has about 900 employees, to produce about 150,000 watches a year, priced between 600 million and 900 million Swiss francs (Swiss francs). As of today, we know that Best Breitling Replica Watches has been acquired for more than 866 million Swiss francs – Breitling’s annual sales of about 420 million Swiss francs, which may allow the company to experience the financial stability required during these disturbing times, and I hope that I can end my strength once.

As for the official plan of CVC and Breitling, CVC Senior Managing Director Daniel Pindur said: “With our network and expertise, CVC will strive to make this global iconic brand more famous and help shape the last independent watch in Switzerland. Future manufacturers. Specifically, by driving the digitalization of our marketing and distribution channels, we see the tremendous growth potential of Breitling Replica in existing and new regions, helping to enrich product and customer experience.

Breitling has some great movements for its watches, dials, cases and bracelets with great potential, and personally, I am a bit worried about seeing them as part of a large financial group. The times are getting worse and worse. Going back to the watch industry, there is nothing new, but I do hope that Breitling will be able to stay away from its brands and their products while chasing higher temporary profits. If you have recently dealt with Chronomat or Navitimer, then you will know that Breitling has gone a long way in the quality food chain because its movements, case, bracelet and dial are still some of the really strong products we produce. Many high-end brands have been seen seeking cheaper design and execution quality.

The challenges facing Breitling include simplification and stronger branding and marketing to identify strong discounts and vast grey markets, as well as greater appeal in existing and new markets. They use Bluetooth-connected Bentley Supersports B55 (described here) and real Breitling classics (such as Navitimer 01) to produce a wide range of timepieces with a $2,000 Colt Skyracer, COSC certified quartz movement and carbon fiber. The composite casing (here hands-on practice) is here to comment on the crazy, $40,000 Superocean Heritage Chronoworks (hands here). All of this shows that Breitling is a solid foundation for the multi-functional series, but their awareness and global influence must be improved – both parties expect “CVC’s network and expertise” to help.

Breitling’s recent news includes the production of chronograph movements for Tudor Heritage Black Bay Chrono (hands here), which they purchase from Tudor in return for the basic three mobile cores. Although not confirmed, it means Breitling’s unused manufacturing capabilities and breakthroughs with industry-wide principles, because they choose not to invest in developing their own basic manufacturing levels, but instead use raw materials with similar credentials.

The transaction between Breitling and CVC Capital Partners is expected to be completed around June 2017, subject to approval by the competition authority. How long will Théodore Schneider leave in Breitling and what role, we have yet to learn.

Leave a Comment

Your email address will not be published. Required fields are marked *