Kirchhofer Or Selling Family Businesses In Crisis

The jewelry watch retailing industry is not just beginning to decline last year.

Long term weakness has led many luxury brands to integrate their watch departments.

Recently, Swiss family jewelry and watch retailer Kirchhofer is seeking to sell its family businesses.

It is reported that Kirchhofer has hired Swiss investment bank.

Valuing enterprises and finding suitable buyers to sell, if the annual sales volume of 300 million Swiss francs is calculated, its core profit margin EBITDA is about 60 million Swiss francs.

According to the news, Kirchhofer is likely to sell 5 times to 10 times the core profit rate.

In terms of Kirchhofer

Commenting on the sale information: "Juerg Kirchhofer has reached the age of retirement. Of course, this does not mean that he will retire immediately. There are many different opinions about the future within the company, which we are discussing and analyzing.

But everything is uncertain at the moment.

According to another source, many private equity funds and strategic investors are right.

Showing great interest, potential buyers will offer the company no binding offer in the next few weeks, and the specific agreement will be reached in the next three to four months.

Regardless of the outcome of this paction, the gloomy retail market of jewellery and watches is one of the concerns that retailers have long worried about.

But if this sale can make Kirchhofer move back and forth in a bigger retail market next time, it will be boastful.

What is it? Or look at the final response from the business side.