GROWTH CAPITAL FOLLOWS BREMONT'S MOST SUCCESSFUL YEAR SINCE INCEPTION WITH 28% REVENUE INCREASE INVESTMENT PROVIDES SUBSTANTIAL RESOURCES TO DRIVE BREMONT'S MULTI-CHANNEL GLOBAL EXPANSION LONDON, Jan. 24, 2023 /PRNewswire/ Bremont, Britain's largest manufacturer of luxury watches, today announced that renowned investor, Bill Ackman and his affiliate, has purchased a substantial minority interest in the company alongside Hellcat LP, Bremont's long-standing lead investor, which increased its investment in the Company as part of the transaction. Watchmaking at The Wing, Bremont's manufacturing HQ in Henley on Thames Giles English, Bremont Co-Founder, said: "Nick and I are thrilled that Bill has moved from collector to investor, joining our long-standing shareholder, Hellcat, as partners in Bremont. This new capital will enable us to invest in marketing, distribution, and talent. This is not just a boost for Bremont, but also for Britain. The British watch indust
/PRNewswire/ Bremont, Britain s largest manufacturer of luxury watches, today announced that renowned investor, Bill Ackman and his affiliate, has purchased.
It still irks Nick and Giles English, the sibling founders of the British watch brand Bremont. âSome people say weâre a marketing company,â laments Giles. âWe spend around seven per cent of our budget on marketing â most watch brands are up at 20 per cent.â
Theyâll be hoping their freshly opened Bremont Manufacturing & Technology Centre, an investment of more than £20 million, convinces the doubters. At 35,000 square feet, the watchmaking facility is already making cases and case backs for the current crop of Bremont watches. In time, it will help the company up its volumes five times. Gamble, sound investment or the realisation of a dream to breathe some life back into British manufacturing â call it what you will, âThe Wingâ, as itâs known, appears anything but a cynical marketing exercise.