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28 April 2017. ZURICH, Switzerland — CVC Capital Partners has agreed to buy Breitling, the .
A controlling stake in Breitling will be acquired by CVC Capital Partners, in a .
The CVC ownership sees the second time since Breitling has been purchased .
by David Bredan. Even in the exceedingly turbulent times that the watch . After a long time hearing rumors and rumblings that Breitling was up for sale, .According to the bank's latest annual Swiss Watcher report, estimated sales in 2023 were 870 .28 April 2017. ZURICH, Switzerland — CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be valued at more than €800 million (0 million). The transaction is expected to close in June, subject to approval by competition authorities, CVC .
A controlling stake in Breitling will be acquired by CVC Capital Partners, in a transaction expected to close in June and reportedly worth 0 million. Theodore Schneider, Breitling's current majority shareholder, will "reinvest in exchange for a 20 percent stake." Breitling is one of the last major Swiss brands to operate independently . The CVC ownership sees the second time since Breitling has been purchased with Theodore Schneider’s father Ernest having first acquired the watch company from its original owners in 1979.
by David Bredan. Even in the exceedingly turbulent times that the watch industry has been enduring for nearly two years, it is rare news to see major brands exchange hands – and that is why today is a notable day, as it has just been announced that Breitling has been sold to CVC Capital Partners for more than 800 million euros – that is .After a long time hearing rumors and rumblings that Breitling was up for sale, CVC Capital Partners has confirmed acquiring Breitling SA today with a deal to formally close in June of 2017. . Fidelis Insurance, Cortefiel and Continental Foods amongst others. In a deal valued at 0 Million USD —amount not confirmed by CVC Capital Partners .According to the bank's latest annual Swiss Watcher report, estimated sales in 2023 were 870 million Swiss francs, or 890 million euros, with 178,000 units sold, and an implied retail market share .
There have been reports of Breitling SA being up for sale and today the deal has been sealed. Bloomberg and Reuters reported that CVC Capital Partners added the Swiss watchmaker to their portfolio for around 0 million USD.. The private equity firm was founded in 1981 in Luxembourg and now has control over an iconic brand that has been making watches since 1884. Breitling Sells to CVC for 0 Million USD: Price tag is set high for the Swiss watchmaker. . Best known for its luxury Swiss watches, Breitling’s current CEO and majority holder Theodore . News business : Swiss luxury watchmaker Breitling, whose sought-after timepieces are worn by celebrities including David Beckham and John Travolta, has been sold to CVC Partners, the private equity group revealed Friday. (#821751)Production of watches moved to the Sicura factory, which later changed its name to Montres Breitling AG and then Breitling AG in 1994. The Schneider family retained ownership until April 2017, when Ernst's son, Theodore Schneider, sold the majority stake (80%) in Breitling to CVC Capital Partners for 0 million. Schneider retained 20% control .
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28 April 2017. ZURICH, Switzerland — CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be valued at more than €800 million (0 million). The transaction is expected to close in June, subject to approval by competition authorities, CVC . A controlling stake in Breitling will be acquired by CVC Capital Partners, in a transaction expected to close in June and reportedly worth 0 million. Theodore Schneider, Breitling's current majority shareholder, will "reinvest in exchange for a 20 percent stake." Breitling is one of the last major Swiss brands to operate independently .
The CVC ownership sees the second time since Breitling has been purchased with Theodore Schneider’s father Ernest having first acquired the watch company from its original owners in 1979.
by David Bredan. Even in the exceedingly turbulent times that the watch industry has been enduring for nearly two years, it is rare news to see major brands exchange hands – and that is why today is a notable day, as it has just been announced that Breitling has been sold to CVC Capital Partners for more than 800 million euros – that is .
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After a long time hearing rumors and rumblings that Breitling was up for sale, CVC Capital Partners has confirmed acquiring Breitling SA today with a deal to formally close in June of 2017. . Fidelis Insurance, Cortefiel and Continental Foods amongst others. In a deal valued at 0 Million USD —amount not confirmed by CVC Capital Partners .According to the bank's latest annual Swiss Watcher report, estimated sales in 2023 were 870 million Swiss francs, or 890 million euros, with 178,000 units sold, and an implied retail market share .There have been reports of Breitling SA being up for sale and today the deal has been sealed. Bloomberg and Reuters reported that CVC Capital Partners added the Swiss watchmaker to their portfolio for around 0 million USD.. The private equity firm was founded in 1981 in Luxembourg and now has control over an iconic brand that has been making watches since 1884. Breitling Sells to CVC for 0 Million USD: Price tag is set high for the Swiss watchmaker. . Best known for its luxury Swiss watches, Breitling’s current CEO and majority holder Theodore .
News business : Swiss luxury watchmaker Breitling, whose sought-after timepieces are worn by celebrities including David Beckham and John Travolta, has been sold to CVC Partners, the private equity group revealed Friday. (#821751)
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