Tourneau, LLC, is a luxury watch retailer established in 1900 and based in the United States. It is the largest luxury watch retailer in this country. The company sells men's, women's and used timepieces. Tourneau was a Leonard Green & Partners portfolio company from 2006 to 2018, and it was purchased by the European retailer giant Bucherer AG in 2018.
|Headquarters||New York City, U.S.|
Number of locations
|Ira Melnitsky (CEO)|
|Revenue||US$ 150 million|
Number of employees
In 1900, the Tourneau family established a watch selling business in the Russian Empire, fleeing to Paris after the Revolution before emigrating to New York City in 1924. The Tourneau brothers opened a small dressmaking shop, with a watch counter, in the Berkshire Place Hotel. He followed this with the company’s first full shop at Madison Avenue and 49th Street in 1930. In 1940 a second location was founded in the Pennsylvania Hotel across from Penn Station. The first west coast store was opened during the 1990s in the South Coast Plaza mall in Costa Mesa.
In 1997 the company opened The Tourneau TimeMachine on 57th Street in New York City, and was at the time the world’s largest watch store. Then in 2005, the Tourneau Time Dome in Las Vegas assumed the Guinness World Record. In 2011 Tourneau began selling a contemporary collection of watches named the TNY Series that has been inspired by the architecture and design of New York City. In 2012, Tourneau partnered with Product Red to produce TOURNEAU (PRODUCT)RED Special Edition watches. 15% of the retail price of each (TOURNEAU)RED watch is donated to The Global Fund to Fight AIDS, Tuberculosis and Malaria. In March 2015, a third NYC store was opened in Bryant Park.
By 2015 the company had 33 stores across 13 states, including the flagship stores in Las Vegas and New York. Tourneau is currently the largest authorized retailer of timepieces in the United States, with about 8,000 watches and 100 brands. Tourneau also has the world’s largest selection of certified pre-owned watches, and a trade-in program for upgrading watch styles. Tourneau is the point of purchase for both the regular collections of time piece brands, as well as limited edition lines that are available only at Tourneau stores. Tourneau stores also host exhibitions of rare time pieces and events. In addition to its retail locations, Tourneau has a watch servicing center in Long Island City and it also operates an e-commerce site.
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