Home NewsBusiness UK luxury watch retailer acquires Greenwich’s Betteridge Boutique

UK luxury watch retailer acquires Greenwich’s Betteridge Boutique

by Marjorie

GREENWICH — The UK’s largest luxurious watch retailer just lately acquired a storefront in Greenwich as a part of its largest enlargement since coming to the U.S. in 2017.

The Watches of Switzerland Group introduced in a press release Tuesday that it had acquired the Betteridge Boutique in Greenwich. The group additionally acquired Ben Bridge on the Mall of America exterior Minneapolis-St.Paul in Minnesota, Timeless Luxurious Watches in Texas and two Betteridge boutiques in Colorado.

“As leaders within the business, we perceive the duty that comes with that function and stay up for increasing our crew in North America whereas investing within the progress of every of those new markets and communities,” David Hurley, govt vice chairman of the Watches of Switzerland Group USA, mentioned in a press release.

The Betteridge Boutique in Greenwich — in addition to these in Colorado — will retain the identify for the speedy future, the corporate mentioned. The Greenwich location will change into the biggest of the group’s North America shops primarily based on sq. footage.

Terry Betteridge, a fourth-generation jeweler of the Betteridge Boutique, will tackle an advisory function for the three acquired areas, the corporate mentioned.

“In some ways, this looks like a return to our roots for Betteridge, with my household coming to the U.S. from England in 1892, bringing with them generations value of metal-working abilities,” Betteridge mentioned in a press release.

Via the 5 acquisitions, and a gap of a Watches of Switzerland in Ohio, the group will add 75 jobs to U.S. shops via retention and new hires, the corporate mentioned.

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