Private equity firm takes majority stake in Breitling




CVC Capital Partners, a private equity firm, will acquire an 80% stake in Swiss luxury watchmaker Breitling. The price was not disclosed,

the

Financial Times

reported.

Théodore Schneider will hold the remaining 20% stake. Schneider’s father, Ernest, bought the company from the Breitling family in 1979, the

FT

article noted.  (Source:

Financial Times

, April 28, 2017.)

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