In January this year, Europe’s biggest watch retailer declared the obtaining of US-based gathering Tourneau from Green Equity Investors IV LP, an financial backer gathering that possessed Tourneau for quite a long time. While this addressed a first (and major) step in the American procedure of the Swiss retailer, the gathering didn’t stop there and yesterday, Tourneau’s parent company Bucherer USA announced it has purchased Baron & Leeds, another US retailer.
Baron & Leeds was established in 2002 and works four stores in California and Hawaii – two official Rolex shops and two eponymous stores. The Rolex shops are situated at South Coast Plaza in California and at International Market Place in Honolulu. The two Baron & Leeds stores are based on Maui. Among the brands in its portfolio, Baron & Leeds is the official retailer for Rolex, Tudor, Patek Philippe just as a few adornments brands.
Yesterday, Swiss company Bucherer, through its US-based auxiliary company Bucherer USA (which presently oversees Tourneau’s activities), declared the procurement of Baron & Leeds for an undisclosed sum. Tourneau CEO Ira Melnitsky said: “The obtaining of one of the nation’s driving retailers (…) addresses a significant advance forward in the proceeded with development of Tourneau” and that the gathering will “be ready to grow our client connections in the two California and Hawaii.”
On its side, Bucherer Group CEO Guido Zumbühl said that “Baron & Leeds meets these rules and we are eager to welcome them to the Bucherer family.” The gathering is currently growing its US-based exercises and in this manner becomes one of the major worldwide entertainers in the retailing world.
As an update, Bucherer is available in 35 areas in Europe – 15 stores in Switzerland, 11 stores in Germany, a shop in Vienna, a huge store in Paris and a store in Copenhagen. With the obtaining of Tourneau, Bucherer presently likewise benefits from 24 stores across the US. With its most recent obtaining, the gathering will presently work a sum of 63 stores.
Source: www.retail-understanding network.com .