Another of the few remaining independent brands passes into the hands of a large group. Indeed, the acquisition of 80%'s shares in Breitling by the British investment fund CVC Capital Partners (CVC) has been announced. "I am convinced that CVC is the right partner to take Breitling to the next level," said Théodore Schneider, until now majority owner of Breitling SA, who will retain the company's 20% as part of the transaction. "CVC's experience, results and international network will help Breitling to fully exploit its potential."
Closing of the transaction is subject to approval by the relevant authorities and is expected in June 2017.
