De Bethune sells majority stake

Swiss watch Manufacture De Bethune announced its decision to sell the majority of its capital to an investment consortium led by Pierre Jacques, former CEO of the brand, and private equity investor Giovanni Perin. Within the framework of this transaction, Denis Flageollet, co-founder and COO De Bethune, retains a substantial stake in the company. David Zanetta, the brand’s other co-founder who has already withdrawn from the operational side of the company last year, is stepping down and ceding all his shares.