The encyclopedia · Finance & Accounting · Financial decision · 2002–2025
Bremont's founders built a British watch icon — then lost it to Bill Ackman
The English brothers who founded Bremont in 2002 took £48M from Bill Ackman in 2023. Two years later, they were out — and the brand was no longer theirs.
Bremont Watch Company · Hellcat Acquisitions · Pershing Square Capital Management · 2025-04
What happened
Bremont was founded in 2002 by brothers Nick and Giles English, two aviation enthusiasts who wanted to create a luxury British watch brand with a pilot's soul. They built it from a kitchen-table startup into the most recognised British watchmaker since Rolex, with celebrity fans including Tom Hardy, Roger Federer, and Prince William. By the early 2020s, Bremont was producing about 10,000 watches annually and had opened 'The Wing', a 35,000-square-foot manufacturing facility in Henley-on-Thames that cost more than £25 million.
In 2023, Bremont took a £48.4 million investment from Bill Ackman's Hellcat Acquisitions, giving the American billionaire a majority stake. The brothers retained their board seats and remained the public face of the brand. On paper, it was a vote of confidence from one of the world's most famous investors. In practice, it was the beginning of the end of the English brothers' control over the company they had spent two decades building.
In April 2025, Bremont announced that Nick and Giles English were no longer board members. They were offered the title of 'brand ambassadors' — a ceremonial role with no operational power. The brothers who had built Bremont from a dining table to a £25 million factory were now employees of their own creation, reporting to the investor who had bought control of their dream. The company continues to operate, but the founding vision — a watch company run by pilots, for pilots — was replaced by a corporate growth plan designed by Ackman's team.
Why it happened
- The brothers gave up majority control in the 2023 fundraising without a governance structure that protected their role — when the investor wanted a change, the founders could not stop it.
- The £25 million factory ('The Wing') was a bet on scale Bremont had not earned — 10,000 watches a year could not justify a facility built for 50,000.
- Bremont was a classic passion-project business — the founders were watch enthusiasts, not professional managers, and the investor's team marginalised the original visionaries.
The lesson
Taking private equity money means accepting that you may no longer be the one in charge. The English brothers thought they were funding their dream — they were actually selling it.
Aftermath
Bremont continues to operate under Hellcat Acquisitions' ownership with professional management. Nick and Giles English remain as brand ambassadors but have no operational role. The Wing factory is still in operation, producing watches and servicing other brands. The company is now pursuing the aggressive growth targets that Ackman's investment was designed to fund — whether that leads to success or to the brand losing the authenticity that made it valuable in the first place remains to be seen.
Sources
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