Breitling completed the acquisition of Gallet.

Breitling, a Swiss luxury watchmaker, completed the acquisition of Gallet, a historic Swiss watch brand. Financial terms were not disclosed. "With Gallet, we have found a strong brand with historical roots and relevance that complements Breitling’s offering in the entry-level segment of luxury watches. Gallet will be a sister brand to Breitling and will be integrated into Breitling boutiques, but it will maintain a completely distinct brand identity and positioning, targeting different customers," Georges Kern, Breitling CEO.