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Announced

Completed

Damiani completed the acquisition of Floris Coroneo.

Financials

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

Tags

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Single Bidder

Italy

luxury watches

Majority

Luxury Items

Private

Completed

Friendly

Acquisition

Domestic

jewelery

Synopsis

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Damiani, an Italian luxury jewelry company, completed the acquisition of Floris Coroneo, a retailer of luxury watches and jewelries. Financial terms were not disclosed. “We are extremely pleased to have finalised this strategic transaction, which on the one hand will support the growth of such an important company in our industry, and on the other will help to strengthen and expand the leadership of ROCCA and all our Brands at the national and international level,” Giorgio Grassi Damiani, Damiani Vice President.

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