Partners Group to become largest shareholder of Breitling watches
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Dow Jones
Partners Group Holding AG said Friday it is paying an undisclosed sum to increase its equity stake in Breitling to become the largest shareholder of the Swiss watch maker. Private equity firm CVC will no longer be majority owner but will remain invested in Breitling. Partners Group co-founder Alfred Gantner will be chairman of Breitling. Breitling CEO Georges Kern and his existing management team will remain at the company.
-Steve Gelsi
(END) Dow Jones Newswires
12-23-22 0623ET
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