The rumours that were circling the industry that independent Swiss watchmaker Breitling was looking to sell have turned out to be true after all. The deal, that would see Breitling lose its “independence” in a manner of speaking, was confirmed today by Bloomberg and Reuters. CVC Capital Partners, a global private equity firm, will have majority stakes in the brand should the deal come to complete fruition.
What it means for the #WatchFam
We really don’t think it’s a big deal though. The most recent acquisition that possibly rocked the watch industry was the Citizen Group‘s take over of brands such as Frédérique Constant, which has seen status quo maintained. If anything, we’re confident that the DNA of a brand as aviation-focused as Breitling is unlikely to be changed. Stay tuned should more news be delivered.