Bucherer Enters US with Tourneau Purchase

RAPAPORT... Swiss watch and jewelry retailer Bucherer has acquiredTourneau, seeking a presence in the NorthAmerican luxury-timepiece market.  "With over a century of expertise as the preeminent purveyorof fine watches in the US, Tourneau provides an exciting opportunity for theBucherer Group to establish a footprint and extend our offering of fine watchesand jewelry to the US," said Guido Zumb? 1/4 hl, CEO of the Bucherer Group. "Withthis acquisition, we will immediately introduce the Bucherer brand to millionsof potential customers in one of the most important global watch and jewelrymarkets." Tourneau currently operates 28 retail stores in the US, selling both new and certified pre-owned watches.Image: Alexisrael