LVMH is now the majority owner of yet another fine jewellery maison.
The French luxury conglomerate quietly upped its stake in 99-year-old Italian brand Repossi to 69 percent in April 2018, BoF has learned. The group first took a 42 percent interest in the brand in November 2015, according to a filing.
Since the transaction, LVMH has helped develop Repossi’s retail network, opening shop-in-shops in department stores in Dubai, London and Doha, with New York and Tokyo on deck this year. The brand also opened a shop at the Peninsula Hotel in Hong Kong. “The goal is to finance the brand’s international expansion," Repossi Chief Executive Benjamin Comar said in an exclusive interview with BoF. #Repossi #dubai #news #fashion #jewlery #diamonds #dubaimall #love #women #design #gold