Bucherer’s Acquisition of Tourneau LLC


KPMG acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Bucherer. Houlihan Lokey acted as financial advisor and Latham & Watkins LLP acted as legal advisor to Tourneau.

Bucherer, the leading European retailer for fine watches and jewelry, has acquired Tourneau, the largest U.S. based luxury watch retailer from an investor group led by Green Equity Investors IV, L.P. an affiliate of Leonard Green & Partners, L.P.

Established in 1900 and based in New York, NY, Tourneau is the largest luxury watch retailer in the U.S. with 28 retail locations across 10 states and a fully integrated e-commerce website. The Company is renowned for its unparalleled customer service and extensive selection of new and Certified Pre-Owned watches.

The Bucherer retail brand is present in 33 exclusive locations in Europe, with 16 points of sale in Switzerland, 10 stores in Germany, 1 flagship boutique in Vienna, 1 boutique in Paris (the world’s largest watch and jewelry store), 1 boutique in Copenhagen, and since 2017, 4 stores in London. The company is led in the third generation by Jörg G. Bucherer, and employs over 1,750 people. Today, the Bucherer headquarters is still located in Lucerne.

The Skadden team includes: Corporate/M&A partners Eric Cochran (Picture) and Stephan Hutter (Frankfurt), and associates Sarah Wolpert and Sarah Hu; Banking partner Sarah Ward and associate Sneha Jha; Real Estate associates Michael Vann (Los Angeles) and Anoush Davtian (Los Angeles); Corporate Restructuring partner Shana Elberg; Complex Litigation and Trials partner Christopher Malloy; and Executive Compensation and Benefits counsel Dmitriy Chelnitsky.

Involved fees earner: Eric Cochran – Skadden Arps Slate Meager & Flom; Stephan Hutter – Skadden Arps Slate Meager & Flom; Sarah Wolpert – Skadden Arps Slate Meager & Flom; Sarah Hu – Skadden Arps Slate Meager & Flom; Sarah Ward – Skadden Arps Slate Meager & Flom; Sneha Jha – Skadden Arps Slate Meager & Flom; Michael Vann – Skadden Arps Slate Meager & Flom; Anoush Davtian – Skadden Arps Slate Meager & Flom; Shana Elberg – Skadden Arps Slate Meager & Flom; Christopher Malloy – Skadden Arps Slate Meager & Flom; Dmitriy Chelnitsky – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: Bucherer AG;