ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
29 April 2017, 10:41 AM | #1 |
"TRF" Member
Join Date: Dec 2013
Location: FL
Watch: platinum sub
Posts: 15,884
|
Breitling sold today
For 870 million dollars.
Don't know if this means anything for the brand.
__________________
If you wind it, they will run. 25 or 6 to 4. |
29 April 2017, 01:06 PM | #2 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Apr 2008
Real Name: Rommel
Location: Toronto Canada
Watch: 116710LN
Posts: 9,123
|
I personally think it's a bit sad but I guess was inevitable. Hopefully we'll only see the brand improve in time.
|
29 April 2017, 10:41 PM | #3 |
Banned
Join Date: Feb 2012
Location: Canada
Posts: 26,846
|
Who knows maybe Rolex will sell one day.
|
30 April 2017, 02:56 AM | #4 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Dec 2009
Real Name: The Mystro ;)
Location: Central Pa.
Posts: 15,314
|
No need to panic. CVC will not destroy a halo brand like Breitling. They know what they are buying and the direction the company can navigate. There is a good chance the Breitling owner and new buyer wont see any difference. The fact that Schneider is heavily invested should put you mind at ease on its direction. There is also a very good chance Breitling may be pushed even further upmarket in the industry. Anything at this point is wild speculation. This will give the troll fanboys of other brands to take pop shots at Breitling to create doom and gloom to torture Breitling owners. I have been around the watch collecting world long enough to know how it will play out on the forums.
__________________
|
30 April 2017, 03:10 AM | #5 |
"TRF" Member
Join Date: Jun 2013
Location: TX
Watch: Daytona
Posts: 3,225
|
I just hope we get some steep discounts for old stock so I can grab a couple before they restructure the brand!!
|
30 April 2017, 03:25 AM | #6 |
"TRF" Member
Join Date: Aug 2012
Location: uk
Posts: 1,215
|
maybe they will go digital like tag?
|
30 April 2017, 03:26 AM | #7 |
"TRF" Member
Join Date: Jul 2011
Real Name: Brandon
Location: Indianapolis
Watch: my money vanish
Posts: 8,506
|
Wonder how this will impact, if at all, the new Tudor/Breitling partnership with movements.
Sent from my iPhone using Tapatalk |
9 May 2017, 11:34 PM | #8 |
"TRF" Member
Join Date: Nov 2013
Real Name: Will
Location: Kuala Lumpur
Watch: SubC, Pam, Speede
Posts: 3,146
|
It will be interested to see what will happen. Hopefully they will resurrect some old designs and realise that not everyone can put 48 mm watch on wrist
|
11 May 2017, 12:12 AM | #9 |
"TRF" Member
Join Date: Apr 2017
Real Name: Bill
Location: Colorado USA
Watch: Rolex 16600
Posts: 214
|
Quite a few already are and they have been in the digital business for a long long time. The Colts and the Pluton were very popular 20 years ago. They also made the Pluton's that Chronosport sold as UDT timers, although the face was different.
|
14 May 2017, 06:20 AM | #10 |
"TRF" Member
Join Date: Feb 2014
Location: Middle West
Posts: 1,075
|
CVC is a very large private equity group that have billions of dollars under management (in the US they own BJs and Petco). I'll bet they go bigger into China, shave off some costs and sell it 4-6 years to a luxury goods brand or other group for double the money.
The PE firms know how to manage financial outcomes and load up on cheap debt. Their business isn't watches, but flipping companies. Schneider is retaining 20% interest so the family likely wanted to cash out while having someone else do all the work. |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.