Terrible news: PPR in talks to acquire Richard Mille Eta Movement Replica Watches

It would not be a novel Richard Mille Watches Rafael Nadal Replica sports opinion with no tourbillon, which the RM 70-10 isn’t missing. The manually-wound 3Hz tourbillon-escapement caliber RM07-01 motion has 70 hours of power reserve and indicates precisely the time. Most of the movement architecture is produced from titanium, and its appeal is quite much in the plan. Again, this watch is supposed to be the esteemed super high-end lifestyle sports watch manufacturer’s first foray into the world of cycling (which, mind you, is just modestly tapped by the luxury watch industry today), so it had to be as on-theme as possible.Richard Mile actually took inspiration from bike pedals for the design of the motion — that you can kind of view. The motion offers only the time, but also has a discreet power reserve indicator near the tourbillon. The “Mechanical Odometer” is technically its own system and can step up to 99,999 Km (or whatever else you’d like the numbers to signify).On the wrist, that the Richard Mile RM 70-01 Alain Prost is not something I have yet seen, but the curved case looks compelling. It is generated from Carbon TPT, which provides that trendy Damascus steel-style natural layered look. This is because, like layered steel, this instance is machined pieces of carbon dioxide. The titanium case is 49.48mm wide, 54.88mm tall, and 17.65mm thick. This isn’t the initial asymmetric Richard Mille watch (I believe one of the Yohan Blake versions was), however, the RM 70-01 is certainly the first that’ll catch most people’s attention.

The news has just broken that French luxury conglomerate PPR is in talk to buy a controlling share in Richard Mille, valuing the company at CHF340-400 million.

Richard Mille RM059-01 Yohan Blake

Rumours have been swirling for months about Richard Mille being acquired by PPR and they have proven to be true. According to an anonymous source close to the deal quoted by Reuters, PPR is looking at acquiring a controlling, 51% stake in Richard Mille. The valuation is 2.5 to 3 times expected 2013 revenue of CHF135 million, valuing the whole company at CHF340-400 million. Richard Mille had revenue of CHF112 million last year, with sales growth in recent years consistently above 10%. And its earnings before interest, tax, depreciation and amortisation (EBITDA) to sales ratio exceeds 40%, amongst the highest in watchmaking – unsurprising given its watches start at about US$80,000 and its lightest-watch-in-the-world is US$690,000. Richard Mille would continue as shareholder and CEO for several years under contract, and Audemars Piguet would retain its 10% stake as well. If it goes ahead the deal is unlikely to conclude before 2014, as Mr Mille needs time to settle his private affairs. PPR, which is expected to change its name to Kering, already owns the Sowind Group, which comprises Girard-Perregaux and JeanRichard. – SJX Source: Reuters