Bremont slumps further into the red despite Bill Ackman investment in luxury watch brand Retail British luxury watch brand Bremont slumped to a loss of more than £14m in the year American billionaire hedge fund manager Bill Ackman became a minority investor, it has been revealed. The Oxfordshire-based business has reported a pre-tax loss of £14.3m for the year to June 30, 2023, according to newly-filed accounts. The results, which [...]
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Bill Ackman invests £48.8m in luxury watchmaker Bremont About time Bill Ackman has bought a minority stake in British luxury watchmaker Bremont after being a loyal customer for many years. The American billionaire hedge fund manager has invested £48.8m alongside Bremont’s current lead investor private equity fund Hellcat, Bremont announced today. With the new investment from Ackman, Bremont is now valued at around £100m. Ackman’s [...]