Breaking News: Swiss Watch Retail Giant Bucherer Acquires U.S.-Based Tourneau
Bucherer, set up in 1888, purchased Tourneau from the financial backer gathering Green Equity Investors IV, L.P. (a subsidiary of Leonard Green & Partners L.P.) in a transition to extend its shop impression in the U.S. As per Business Wire ‘s report, Guido Zumbühl, CEO of the Bucherer Groups, said, “With this procurement, we will quickly acquaint the Bucherer brand with a large number of likely clients in quite possibly the main worldwide fake watch prices and gems markets. This is additionally an incredible chance to immovably set up the Carl F. Bucherer brand in the U.S. furthermore, bring Bucherer Fine Jewelry into the North American market.”
Tourneau has been in the business nearly as long as Bucherer (it was established in 1900), and CEO Ira Melnitsky commented, “Burcherer is a fantasy accomplice for Tourneau… As our business proceeds to perform and developed, this is a characteristic subsequent stage for the company.” It will be fascinating to perceive how this move unfurls throughout the next few months and years, and how the two brands coincide (or don’t) in the U.S. retail space. This is a story that is simply getting started.
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