The down economy and soft luxury market has seemed to affect, yet another watch company. Bedat & Co. which started in 1996 will close its doors and cease operations soon, according to multiple industry sources. The luxury watch maker had a number of interesting watches for both men and women, such as favorites like the No.3, No. 7, and No. 8.Bedat & Co. was founded by Simone Bedat who branched off after being a business partner of Raymond Weil. Bedat & Co could be found in large retailers as well as luxury boutiques. Bedat & Co. was purchased by Gucci in 2000, which means
that its closure might be a preemptive financial security measure taken by Gucci in anticipation of harder times ahead for the luxury group of brands.
At this time there is no specific date for Bedat & Co. to close up shop, or indication of whether it has filed for bankruptcy. Though, several sources indicate that we will be seeing the end of Bedat & Co. soon. It is a shame, and the worst part is that we never know what brand will kick the bucket next.
