Bucherer has bought America’s largest fine watch business Tourneau
The deal gives Bucherer an immediate network of 28 stores across 10 US states and a fully integrated e-commerce business. Tourneau’s has been owned by private equity firm Green Equity Investors for several years, and rumours of its imminent sale have been growing louder throughout the past 12 months. Bucherer has dramatically expanded its reach in the past year. The Swiss-based business bought The Watch Gallery in the UK in March 2017. The Watch Gallery operates the fine watch department of Selfridges, as well as two standalone boutiques and a Rolex-branded store in London’s Knightsbridge.