Watchbox buy controlling stake in Debethune

[GB-man]

I did not see that coming. They must have been hurting to give up such a large piece. I kind of thought they were just beginning to gain mass appeal with the starry various.

[alpharulez]

Originally Posted by GB-man

I did not see that coming. They must have been hurting to give up such a large piece. I kind of thought they were just beginning to gain mass appeal with the starry various.

Thanks for sharing. Nothing up yet on the DB site. Sad state of affairs. Would have probably been better if one of the larger horology players had instead gone in/bought them out.


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[WatchEater666]

Depends entirely on the valuation it was sold at? What is sad about selling an equity stake in your company? It's usually something to be celebrated.

[athens7]

DeBethune sold a large share of their business back in 2017, when David Zanetta left. It is possible that the 2017 investors have cashed out, presumably at a profit, as DeBethune is in a better position now than they were then.

[Etschell]

im not sure anyone is hurting but we will see more of this.

the natural evolution of industry involves monetization and consolidation. don't be shocked if watchbox buys an interest in additional watch brands over time.

it appears that because watches have been hot non wall street led investor groups are getting involved. it may also signal a slow down in the 2ndary market. or it may just be a diversification of watchbox's business outside of its core model.

[77T]

Current announcement:
https://www.prnewswire.com/news-rele...301365612.html

2017 majority equity buy by insiders:
https://www.hodinkee.com/articles/de...pierre-jacques


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