Piquadro S.p.A, which designs, manufactures and distributes professional and travel leather goods, announced the acquisition of the entire share capital of Lancel International S.A., a company incorporated under Swiss laws, fully owned by Richemont. Financial terms were not disclosed. “We are very proud to bring to the Piquadro Group a historic French brand that has been a style icon of unrivalled excellence since 1876,” declares Marco Palmieri, Chairman and CEO of the Piquadro Group. “The Parisian taste for line and detail, the superlative quality, the fascinating aura of a history that began in 1876: these are the extraordinary heritage of the Maison Lancel, and offer great potential for growth. This acquisition is part of a strategy of bringing together accessory brands that we began about a year ago with the acquisition of the historic Florentine leather goods brand The Bridge, a strategy that we intend to pursue with a view to generating greater and greater synergies"