Bucherer completed the acquisition of Tourneau from Leonard Green & Partners.

Bucherer, an European retailer for watches and jewelry, completed the acquisition of Tourneau, a luxury watch retailer, from Leonard Green & Partners, a private equity investment firm. Financial terms were not disclosed. «With over a century of expertise as the preeminent purveyor of fine watches in the U.S., Tourneau provides an exciting opportunity for the Bucherer Group to establish a footprint and extend our offering of fine watches and jewelry to the United States. With this acquisition, we will immediately introduce the Bucherer brand to millions of potential customers in one of the most important global watch and jewelry markets. This is also a great opportunity to firmly establish the Carl F. Bucherer brand in the US and introduce Bucherer Fine Jewellery into the North American market,” Guido Zumbühl, Bucherer CEO.