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Bremont Watch Company secures £700k finance package to support overseas expansion

Luxury watchmaker Bremont Watch Company has secured a £700,000 finance package to help support its international growth.

The firm, headquartered in Henley-on-Thames, is targeting expansion in the Far East, North America and the Middle East. These areas are key markets in the luxury watch sector, which is worth around £11bn.

Almost two-thirds of the company's sales are currently generated in overseas markets.

Bremont, which currently sells over 3,500 watches per year, plans to increase its production considerably and double its turnover in the next two years through its global expansion.

Brothers Nick and Giles English founded the company in 2002. The pair spent five years creating a range of aviation-inspired timepieces which are now sold in various retailers including Harrods, Selfridges and Tourneau in the US.

Fiona Penn, Bremont Watch Company's chief finance officer, said, "Bremont is a very ambitious company and we believe we have significant potential for growth in overseas markets due to the quality of our product and the passion and belief of our management team.

"We are very much a British brand and that is something that chimes with overseas customers, who value the fact that we over-engineer our watches."

The firm recently won the Luxury Watch Brand of the Year at the 2012 UK Jewellery Awards.

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