Chanel Expands in Watch Industry with 25% Stake in MB&F


Chanel Expands in Watch Industry with 25% Stake in MB&F | Chrono 10:10 27 August 2024

📌Chanel acquires 25% of MB&F, strengthening its position in the watch industry.

👉🏻The company already holds stakes in F.P. Journe and Bell & Ross.

🙌🏼The shares of the brand's owners, Max Büsser and Serge Kriknoff, in MB&F will decrease, but the management team will remain unchanged.

📌It is likely that Büsser was seeking funding for new projects, and the deal with Chanel provided him with the necessary resources.

Chanel, in turn, gains access to new technologies and opportunities for collaboration and expanding its portfolio 😎

Share:


Last blogs

INTERNATIONAL GUARANTEE FOR WATCHES. WHAT IS THIS AND HOW IT WORKS.

INTERNATIONAL GUARANTEE FOR WATCHES. WHAT IS THIS AND HOW IT WORKS.

Everyone in his life at least once bought a watch or thought about buying them. Of course, when buying cheap accessories, we rarely worry about how long they will work, and quite another thing, when it is an expensive product, worth several thousand and sometimes several tens of thousands. In this case, the important issue is the warranty. In this article, we will talk about what an international guarantee is and what it represents.

More
QUARTZ OR MECHANICAL WATCHES. PLUSES AND MINUSES MECHANISMS.

QUARTZ OR MECHANICAL WATCHES. PLUSES AND MINUSES MECHANISMS.

Often when choosing a watch from a customer, the question arises - “Which watch is better? Quartz or mechanical? ”To give a reasonable answer you should first understand what these mechanisms are, and what are the pros and cons of their work.

More
Why 10:10?

Why 10:10?

The hands of any advertised watch always strike the same time - 10:10. There are a lot of versions and most of them are grounded and reasonable. According to the most popular version, the clock hands at this position remind

More