Private Equity-Backed Breitling CEO Eyes Deals After Turnaround
- Georges Kern says Breitling open to acquisitions with CVC
- Breitling has been majority owned by CVC Capital since 2017
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In the five years since CVC Capital Partners bought control of Breitling AG, the company has more than quadrupled its equity value and is on the cusp of re-joining the Top 10 Swiss brands of luxury watches.
Now Georges Kern, who gave up a top job at luxury emporium Richemont to lead the revival, is open to acquisitions to help other watch brands follow Breitling’s path of rejuvenation. While he won’t disclose specific targets, Kern says he can call on CVC’s deal-making savvy and his own experience to turn around a struggling brand.