Retail Industry
Industry: Email Alert RSS FeedTourneau to Be Sold for $300 Million.(Tourneau Direct Inc.)
Jewelers Circular Keystone, November, 2006 by Shuster, William George
By William George Shuster
Tourneau Inc., the leading U.S. watch retailer and one of the world's largest, announced Sept. 6 that it had "a definitive agreement" to be acquired by an investor group led by Green Equity Investors IV L.P. The group, an affiliate of Leonard Green & Partners L.P., a major private equity firm in Los Angeles, includes members of the Wexler family (owners of Tourneau since 1975) and of Tourneau's senior management.
The transaction is worth "in excess of $300 million," says Tourneau, and was expected to close in October.
The New York City company operates 40 stores in the United States and Caribbean under the Tourneau and Watch Gear names, plus two in China. Tourneau is forecasting net sales topping $300 million for the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
