Bucherer has acquired US-based luxury watch retailer Tourneau from an investor group led by Green Equity Investors.
Green Equity Investors is an affiliate of Los Angeles-based private equity firm Leonard Green & Partners.
Go deeper with GlobalData
Bucherer Group CEO Guido Zumbühl said: “With over a century of expertise as the preeminent purveyor of fine watches in the US, Tourneau provides an exciting opportunity for the Bucherer Group to establish a footprint and extend our offering of fine watches and jewellery to the US.
“With this acquisition, we will immediately introduce the Bucherer brand to millions of potential customers in one of the most important global watch and jewellery markets.”
Tourneau has 28 retail locations spread across ten states in the country and a fully integrated e-commerce website.
Tourneau CEO Ira Melnitsky said: “Bucherer is a dream partner for Tourneau. A Swiss company with 130 years of history in the industry, Bucherer understands fine watches like few others, making them the ideal partner for Tourneau.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“As our business continues to perform and grow, this is a natural next step for the company. With the backing of one the world’s leading watch retailers, Tourneau’s customers, business partners and employees will benefit from Bucherer’s expertise, innovation, unmatched product selection and services.”
