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 store impression in the U.S. As indicated by Business Wire ‘s report, Guido Zumbühl, CEO of the Bucherer Groups, said, “With this procurement, we will promptly acquaint the Bucherer brand with a large number of expected clients in quite possibly the main worldwide watch and adornments markets. This is additionally an incredible chance to solidly build up the Carl F. Bucherer brand in the U.S. what’s more, 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 following stage for the company.” It will be intriguing to perceive how this move unfurls throughout the next few months and years, and how the two brands exist together (or don’t) in the U.S. retail space. This is a story that is simply getting started.
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