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LVMH Buys Stake in Italian Jeweler Repossi

Dec 1, 2015 8:26 AM   By Rapaport News
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RAPAPORT... French luxury retailer LVMH Moët Hennessy Louis Vuitton has acquired a minority stake in family-run Italian jeweler Repossi for an undisclosed sum.

The partnership will enable Repossi to develop its distribution network while benefitting from LVMH’s managerial know-how, the French group said in a statement November 30.

Repossi, founded in Turin in 1920, is known for its “iconic” Berber collection and multi-piercing earring. Gaia Repossi, the artistic and creative director of the jewelry company since 2007, is the fourth generation of the family running the business. The line is available at about 90 retailers worldwide, including Barneys and Opening Ceremony in the U.S., according to style website Fashionista.

“Repossi’s success shows a promising future with which we are pleased to be associated,” Delphine Arnault, the executive vice president of Louis Vuitton and LVMH director, said in the statement.

The acquisition comes four years after LVMH bought Italian jewelry group Bulgari for about $6 billion in 2011.
Tags: italy, luxury, LVMH, LVMH Moët Hennessy Louis Vuitton, M&A, Rapaport News, Repossi, retail
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