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Below Jacques’ management, De Bethune gained essential reward for Flageollet’s modern and artistic timepieces however typically struggled to search out monetary stability. Jacques led the corporate by way of numerous possession buildings till U.S. retailer and on-line watch-selling platform Watchbox, now known as The 1916 Firm, purchased a majority stake in De Bethune in 2021. Different buyers within the Swiss model, which makes just a few hundred watches per 12 months, embrace Bremont majority proprietor and activist investor, Invoice Ackman, who owns about 5%, Ackman mentioned in an interview earlier this 12 months.
The 1916 Firm’s Justin Reis stays government chairman of De Bethune, and Flageollet stays the artistic and technical head of the model. Earlier than becoming a member of De Bethune, Jacques was the top of the Grand Prix d’Horlogerie de Genève. His exit from the CEO position ”is efficient this summer time” and Jacques will now concentrate on ”new private {and professional} ventures,” the corporate mentioned.
