Headlines

Breitling Owners Considering Sale of Company

It’s a brand endorsed by David Beckham and John Travolta.

Published

8 years ago

December 2, 2016

INSTORE Staff

The owners of Swiss watchmaker Breitling are contemplating a sale of the company, Bloomberg reports.

Breitling, whose roots date to 1884, is an independent company known for its pilot watches. Its sales last year are estimated to have totaled about $364 million.

According to Bloomberg, which cited unnamed sources, the “most likely suitors” for Breitling would be luxury-goods firms.

Breitling doesn’t quite have the brand recognition of certain other watch brands, such as Patek Philippe and Rolex, but it’s received endorsements from some major celebrities, including the likes of David Beckham and John Travolta.

News of the potential sale comes amid a downturn for Swiss watch exports.

GCA Altium Ltd., an investment bank, is reportedly advising Breitling.

Read more at Bloomberg

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