Connect with us

Headlines

Breitling Owners Considering Sale of Company

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

mm

Published

on

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.

Advertisement

Read more at Bloomberg

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

Promoted Headlines

Most Popular