Buccellati news and archive

Richemont acquires Italian jewellery firm Buccellati

Richemont has announced the acquisition of Buccellati Holding Italia S.p.A., the owner of Buccellati, the Italian jewellery Maison, in a private transaction with Gangtai Group Corporation Limited. Commenting on the acquisition, Johann Rupert, Chairman of Richemont, said in a statement: “Distinguished by strong heritage, craftsmanship and family...

Business

Gangtai Group acquires majority stake in Buccellati

The Chinese conglomerate has agreed to acquire an 85 percent stake in the high-end jeweller, owned up to date by Italian equity firm Clessidra. The deal valued the Milan-based jeweller at 270 million euros, or 6.6 times its revenues, according to a source close to the matter cited by Reuters. The Buccellati family, who founded the company in...