Swiss Watches Shop

PPR, owner of Gucci and Yves Saint Laurent, did not disclose the price it paid for family-owned Brioni, whose suits have been featured in many Bond films. But analysts estimate Brioni’s enterprise value at 250 million euros to 300 million euros, including 100 million euros in debt.

It is the latest in a series of acquisitions by the luxury retailer which earlier this year bought U.S. sports clothing brand Volcom and Swiss watch maker Sowind Group.At the same time, PPR has been trying to unload some of its less profitable units like catalog retailer Redcats and record and consumer electronics chain Fnac.

PPR Chief Executive Francois-Henri Pinault, who revealed in September that the company was in talks with Brioni, said the company had paid “significantly less” than the 350 million-euro ($481 million) figure cited earlier this year.

Pinault also voiced hope that a sale of Redcats — postponed in September after indications that bids would come in well below the 1.5 billion-euro reserve price — could still happen, saying there were 18 interested candidates.

The interest hasn’t disappeared and interest has been expressed since then,” he said, adding that several of the potential buyers had their own financing.

Frozen financing markets were one of the reasons that the Redcats sale, which had attracted interest from numerous private equity firms including Advent, Apollo, Bain, Carlyle, Cinven and a team of TPG and PAI, was postponed.

Even if small, this deal confirms the company’s willingness to increase exposure to the fast growing soft line luxury market,” said a Paris-based trader. “Also, the company already proved its strong track record in transforming small luxury brands into great success stories.

Parked right where the luxury line-up began, were the swank Audi R 55 and Audi A7 cars and leisure boats from Aquatainment India. “It namely a misnomer that navigating is one valuable liking alternatively sport. A sturdy kin boat ambition price you as much for a good automobile, around Rs. 15 lakh,” said Shiva Swamynath, co-owner, Aquatainment.

The 320 Rider, a safer choice to the spurt skies; the 550 Silver Craft with its fishing, family and hard altitude versions; the 700 Silver Craft fitted with a Porsche design engine and the 850 Side Walker with interior and external decks, complete climate conditioning, a bedroom, fully-equipped pantry and restroom were some of their best offerings. “The Chennai coastline is imaginary with a rich aquatic life and beauteous spots such as Puducherry and Ennore and has some of the best sailing conditions in the world,” added Shiva.

The highlight of the evening was the coming together of the world’s best watchmakers under an roof. Ensconced in cup boxes, the watches, amounted between Rs. 1.5 lakh and Rs. 1 crore, were instances of exquisite craftsmanship. One of the oldest German watch brands, A. Lange and Sohne had brought apt the show the revamped edition of their first mechanical watch, the Lange1. The current watch comes with a rose gold body, double skylight outsize date and a power reserve indicator. A fine piece from the brand’s Saxonia Range, the Saxonia Annual Calendar watch, comes with a white gold finish, and exhibits date, day and the moon period.

Commemorating the 60th annual of the maximum renowned Reverso, Jaeger LeCoultre brought in their latest Reversos, the iconic Atmos Clock made with Bacarat crystals and powered along alterations in the air, and their prevailing Master Control and Master Geographic models,” said Teerath Doshi, from the Helvetica Swiss see boutique.

Italian watch making mark, Officine Panerai, has fired their Luminor and Radiomir collections this year. The Luminor 1950, Radiomir Oro Rosa, Radiomir Ceramica and the Radiomir Black Seal Logo are some of their cardinal novelties.

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