.
MergerLinks Header Logo

Announced

Completed

Richemont acquires Italy-based Buccellati.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Private

Luxury Items

Italy

luxury watches

jewelry

Friendly

Completed

Acquisition

Single Bidder

Synopsis

Edit

Richemont acquired Italy-based Buccellati, the owner of Buccellati, the renowned Italian jewelry Maison, in a private transaction with Gangtai Group Corporation, a privately held conglomerate, which captures the growth in the consumer, culture, finance, and health industries. Financial terms were not disclosed. "Distinguished by strong heritage, craftsmanship and family spirit, Buccellati is one of the few Maisons in the dynamic branded jewelry market which is complementary to our existing jewelry Maisons, in terms of style, origins and craftsmanship. Buccellati meets the needs of today's customers who are looking for creative jewelry, with a highly distinctive style. We welcome Andrea Buccellati, his family and his team. With them, we share a culture of constant quest for creativity, innovation, quality and excellence. We look forward to ensuring the long term development of this unique jewelry Maison." Johann Rupert, Chairman of Richemont.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US