Breitling Sold to CVC Capital PartnerssharetweetshareOne of the extremely persistent rumors within the watch world has finally proven true: CVC Capital Partners, a Luxembourg-based equity finance firm, announced today who's has consented to get a majority stake in family-owned Swiss watch company Breitling, putting to nap a long period of speculation whether or not the emblem would remain independent or be acquired by the larger concern. Particulars on the transaction can be obtained below in CVC Capital Partners' official blog post; analysis of their effect on the watch industry will be forthcoming in WatchTime magazine as well as on WatchTime. breitling pricing watches com.Above: Breitling Chronometrie headquarters in Switzerland; below, Breitling's madison Avenue boutique in Nyc CityCVC CAPITAL PARTNERS FUND VI AGREES To accumulate MAJORITY STAKE IN BREITLING SACVC Capital Partners ("CVC") today announced that CVC Fund VI has accepted acquire an 80% stake in Breitling SA ("Breitling"), a major independent , family-owned manufacturer of Swiss luxury replica watches along with an internationally renowned premium brand. The financial the transaction weren't disclosed.Included in the transaction, Theodore Schneider will re-invest to get a 20% shareholding in Breitling.Founded in 1884, Breitling specialises from the development and manufacturing of high-performance replica watches. The organization looks back on the heritage of seminal innovations which may have played a decisive role in the growth of wrist chronographs. Breitling employs approximately 900 people and is also headquartered in Grenchen, Switzerland. The corporation operates two manufacturing facilities, one inch Grenchen then one in La Chaux-de-Fonds. Breitling replica watches are purchased worldwide in exclusive boutiques and via selected retailers."I am convinced CVC is the right partner to elevate Breitling to another level," said Theodore Schneider rolex day date ii rose gold watches , majority one who owns Breitling SA. "CVC's expertise, track-record and international network may help unlock Breitling's full potential."Alexander Dibelius fake rolex , Managing Partner and Head of Germany at CVC, commented: "Breitling incorporates a proud heritage, high brand awareness, and enjoys a great reputation as one of the finest watchmakers on earth. We a lot anticipate using the services of Theodore Schneider as we set about Breitling's next chapter of growth.""Using our network and expertise, CVC is fine to create this global, iconic brand all the more renowned and help shape not able to one of Switzerland's last independent watch manufacturers," added Daniel Pindur, Senior Md at CVC. "Specifically, we see significant growth risk of Breitling in the existing and new geographies by driving the digitization on the marketing and distribution channels within the company, and helps to enrich this product and customer experience."Closing on the transaction is governed by approval with the relevant competition authorities and is also expected for June 2017. sharetweetshare replica audemars piguet oak offshore watches
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