Bucherer, the main European retailer of fine watches and adornments, reported that it has recently procured Tourneau LLC, the biggest U.S. based extravagance watch retailer. With 28 retail locations across 10 states and a completely incorporated web based business site, Bucherer will consequently build up its quality around the planet and advantage from a top-level accomplice in America.
Bucherer bunch has around 1,600 workers. The Bucherer corporate store itself has 16 stores in Switzerland, 10 in Germany, 4 in England and 1 each in Austria, Denmark and France (the Parisian shop being the biggest watch store on the planet). Other Group individuals include KURZ AG Jewelers with 12 branches, the three SWISS LION AG stores and various brand-explicit stores. Prior in 2017, Bucherer had declared the securing of the Watch Gallery (a pioneer for omnichannel retail for extravagance watches) setting up the Group presence in the UK market.
The obtaining of Tourneau LLC by Bucherer imparts a solid sign when circulation is at junction. Customary retail is confronting new real factors, specifically, digitation. The old dispersion and retailing model requirements to adjust to the changing profile of buyers and behaviours. Consolidation appears inevitable.
To read Bucherer public statement: Bucherer Press .