Breaking News from WatchPro July 31
- Kip
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Breaking News from WatchPro July 31
Breaking news from WatchPro
Christopher Ward secures £6.25m investment from British Growth Fund
Article can be read here.
Christopher Ward secures £6.25m investment from British Growth Fund
Article can be read here.
Kip
"Asylum Administrator"
Visit the CWArchives for everything CW. Historical, specs, manuals and resale. It is all there.
"Asylum Administrator"
Visit the CWArchives for everything CW. Historical, specs, manuals and resale. It is all there.
- H0rati0
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Re: Breaking News from WatchPro July 31
Ah ha. So that's what's been going on. No wonder management has been somewhat distracted.
"There is no beginning to enlightenment and no end to training" - Dogen Zenji (1200-1253)
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Re: Breaking News from WatchPro July 31
Link to the BGF press release.
https://www.bgf.co.uk/bgf-invests-6-25m ... pher-ward/
https://www.bgf.co.uk/bgf-invests-6-25m ... pher-ward/
Current collection incl Citizen, G-Shock, Rolex, Seiko, Sinn & Tag.
Chris
Chris
- Thegreyman
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Re: Breaking News from WatchPro July 31
Sounds like great news for CW. Should give them the investment they need to invest in product development, not to mention QC/CS and all the other vital components of a growing, successful business.
I see the BGF investor who will be joining the board is a Scottish Chartered Accountant.....what can go wrong?!
I see the BGF investor who will be joining the board is a Scottish Chartered Accountant.....what can go wrong?!
Patrick
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
Re: Breaking News from WatchPro July 31
Does his CV indicate who he has worked for in the past?Thegreyman wrote: ↑Wed Jul 31, 2019 1:27 pm Sounds like great news for CW. Should give them the investment they need to invest in product development, not to mention QC/CS and all the other vital components of a growing, successful business.
I see the BGF investor who will be joining the board is a Scottish Chartered Accountant.....what can go wrong?!
Overall good news for CW, as I think that BGF take a different approach to many PE or VC funds.
I also note that the BGF press release includes what should be up to date numbers re staff, orders and turnover.
Neil
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Re: Breaking News from WatchPro July 31
22000 orders is quite vague - could be watches, straps, returns. I would like to think it's actual units sold, but I suspect we'll never know as a figure similar to that has been mentioned before.nbg wrote: ↑Wed Jul 31, 2019 1:44 pmDoes his CV indicate who he has worked for in the past?Thegreyman wrote: ↑Wed Jul 31, 2019 1:27 pm Sounds like great news for CW. Should give them the investment they need to invest in product development, not to mention QC/CS and all the other vital components of a growing, successful business.
I see the BGF investor who will be joining the board is a Scottish Chartered Accountant.....what can go wrong?!
Overall good news for CW, as I think that BGF take a different approach to many PE or VC funds.
I also note that the BGF press release includes what should be up to date numbers re staff, orders and turnover.
Neil
Current collection incl Citizen, G-Shock, Rolex, Seiko, Sinn & Tag.
Chris
Chris
- Thegreyman
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Re: Breaking News from WatchPro July 31
If you link to the press release, you can then read the chap's bio on their website. Seems I spoke to soon though, he's spent many years in bankingnbg wrote: ↑Wed Jul 31, 2019 1:44 pmDoes his CV indicate who he has worked for in the past?Thegreyman wrote: ↑Wed Jul 31, 2019 1:27 pm Sounds like great news for CW. Should give them the investment they need to invest in product development, not to mention QC/CS and all the other vital components of a growing, successful business.
I see the BGF investor who will be joining the board is a Scottish Chartered Accountant.....what can go wrong?!
Overall good news for CW, as I think that BGF take a different approach to many PE or VC funds.
I also note that the BGF press release includes what should be up to date numbers re staff, orders and turnover.
Neil
Patrick
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
Re: Breaking News from WatchPro July 31
^^^^^Really Patrick, can’t say that I noticed....
Neil
Neil
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- Thermexman
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Re: Breaking News from WatchPro July 31
Hopefully, it’s great news for both CW and us, as interested owners/potential future purchasers! Will be interesting to watch (sorry) how this pans out.
Steve.
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- Senior Forumgod
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Re: Breaking News from WatchPro July 31
Sounds like the beginning of an exit by CW and others to me.
- richtel
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Re: Breaking News from WatchPro July 31
What makes you say that Jon?
Rich
"The bad news is that time flies. The good news is that you're the pilot."
"The bad news is that time flies. The good news is that you're the pilot."
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Re: Breaking News from WatchPro July 31
Growth has delivered a healthy return on investment. Successful entrepreneurs are always looking for the next opportunity. CW is an established brand now, with some efficient vertigal integration, but the higher priced items aren't their bread and butter, and likely won't ever be. There also seems to be a struggle with volume. Good time to cash out and let others feed and water a solid money maker.
- richtel
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Re: Breaking News from WatchPro July 31
Thanks Jon- that's an interesting thought. But as the BGF represents a minority stake in the business the current directorship surely remains and the fresh investment represents opportunity for improvement, product expansion and fresh markets in partnership with the investor, rather than under a 'new broom'?jtc wrote: ↑Sun Aug 04, 2019 9:11 pmGrowth has delivered a healthy return on investment. Successful entrepreneurs are always looking for the next opportunity. CW is an established brand now, with some efficient vertigal integration, but the higher priced items aren't their bread and butter, and likely won't ever be. There also seems to be a struggle with volume. Good time to cash out and let others feed and water a solid money maker.
Rich
"The bad news is that time flies. The good news is that you're the pilot."
"The bad news is that time flies. The good news is that you're the pilot."
Re: Breaking News from WatchPro July 31
Perhaps BGF will have a larger shareholding than any of the existing shareholders. VC or PE outfits tend not to sit back and just be passive shareholders, if they have taken a significant shareholding.....richtel wrote: ↑Sun Aug 04, 2019 9:32 pmThanks Jon- that's an interesting thought. But as the BGF represents a minority stake in the business the current directorship surely remains and the fresh investment represents opportunity for improvement, product expansion and fresh markets in partnership with the investor, rather than under a 'new broom'?jtc wrote: ↑Sun Aug 04, 2019 9:11 pmGrowth has delivered a healthy return on investment. Successful entrepreneurs are always looking for the next opportunity. CW is an established brand now, with some efficient vertigal integration, but the higher priced items aren't their bread and butter, and likely won't ever be. There also seems to be a struggle with volume. Good time to cash out and let others feed and water a solid money maker.
Neil
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- Bahnstormer_vRS
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Re: Breaking News from WatchPro July 31
That's true for VC and PE outfits but, my understanding of the BGF modus operandi, is that whilst they invest in Companies that VC and PE outfits might also invest in, they are not looking for the same level of return, or an Exit Plan, but genuinely want to grow the business.nbg wrote: Perhaps BGF will have a larger shareholding than any of the existing shareholders. VC or PE outfits tend not to sit back and just be passive shareholders, if they have taken a significant shareholding.....
Neil
This may sound somewhat altruistic but it's what I understand.
Guy
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And in short measures, life may perfect bee. - Ben Jonson (1572 – 1637)
Inscription on the Longitude Dial
Hatfield House, Hatfield, Hertfordshire AL9 5NB, England
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