Slaughter and May is advising Richemont on its acquisition of Watchfinder.co.uk
Slaughter and May is advising Richemont, the Swiss luxury goods group on its acquisition of 100% of the issued share capital of Watchfinder.co.uk Limited, the leading premium pre-owned watch specialist, in a private transaction with its shareholders.
Watchfinder was established in 2002 in the United Kingdom and through organic growth, has become a leading platform to research, buy and sell premium pre-owned watches, both online and through its seven boutiques. In addition, Watchfinder operates a highly qualified customer service centre and employees c.200 employees worldwide.
The transaction involved multiple sellers, including two venture capital funds and the managing directors.
Slaughter and May is also advising Richemont on its voluntary public tender offer for all the ordinary shares in YOOX NET-A-PORTER GROUP S.p.A.