Swiss Watchmaker Breitling Said To Be Exploring Possible Sale

30 Nov

The last of the independent Swiss watchmakers, Breitling, is said to be considering a sale according to a report from Bloomberg. Sources told Bloomberg that the 132-year-old company is “still in the early stages” adding that they might not actually sell itself, but rather “exploring opportunities where they exist.”

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The Breitling Chronoliner (Image Source: Breitling)

 

The watchmaker is presently being advised by investment bank GCA Altium. According to Bloomberg, “The most likely suitors are luxury-goods companies rather than private equity firms.” Breitling is best known for making precision made chronometers useful to aviators.