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Billionaire Ackman Invests in Bremont in Boost for UK Watchmaker

  • Ackman investment to help Bremont expand in red-hot US market
  • Investment is said to value Bremont at about £100 million
Bill Ackman
Bill AckmanPhotographer: Patrick T. Fallon/Bloomberg

Billionaire hedge fund manager and activist investor Bill Ackman is buying a minority stake in Bremont as the UK luxury watchmaker looks to expand in the fast-growing US market. 

Ackman is teaming with Bremont’s controlling shareholder, Hellcat LP, to invest a combined £48.4 million ($60 million) in Bremont, the watchmaker said in an emailed statement.