Announced
Financials
Sources
Tags
France
jewellery producers
Luxury Items
Acquisition
Majority
Domestic
Private
Pending
Friendly
Single Bidder
Private Equity
Synopsis
LVMH, the world's largest luxury goods group, agreed to acquire Platinum Invest Group, a French jewellery producer. Financial terms were not disclosed. "After years of fruitful collaboration, we are very proud to join the LVMH Group and strengthen our ties with such an iconic House as Tiffany & Co. and, thus, be able to contribute to its growth and development," Denis De Becker, President Orest and Abysse.
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