Swiss watchmaker Breitling has seen its valuation cut by as much as half compared with 2023 levels, as private equity owners CVC and Partners Group review strategy amid weaker-than-expected performance, according to a report by the Financial Times.
The luxury brand has struggled with an aggressive store expansion, subdued demand for high-end watches, and US tariffs on Swiss exports, pressuring returns for both buyout firms.
CVC initially acquired Breitling in 2017 for around €800m and sold a maj...
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