Chinese conglomerate Gangtai Group recently acquired a 85% stake in the Italian jeweler Buccellati, media reported.
Buccellati was opened in Milan in 1919 by the master-jeweler Mario Buccellati, who also created a network of retail stores in various cities in Italy and abroad. His son Gianmaria Buccellati created a brand and expanding its presence exponentially across the globe.
In 2013, Clessidra, a private equity firm, has acquired a 67 percent stake in the Buccellati, while the Buccellati family retained a 33% stake. However, in May this year she Clessidra was acquired by Italmobiliare after the sudden death of the founder, Claudio Sposito. Under the agreement with Gangtai Group, Clessidra and Buccellati family will receive a 15% stake.
Gangtai Group through its subsidiary Gangsu Gangtai Holding Co. Ltd. He has extensive experience as an international distributor of gold jewelry in the leading online jewelry stores in China. It is reported that the sale will be completed in the second quarter of 2017.
Andrea Buccellati, Buccelatti creative director and honorary chairman, remains on this position as Gianluca Brozetti, the current CEO of the brand.
It is reported that Buccellati was valued at $ 282 million.
http://www.feedlisting.com/rss-feed-url/898215.html
1 comment:
Zimbabwean authorities are expected to continue in the next negotiations with the Murowa Diamonds on the consolidation of its operations for the extraction of diamonds in the country.
Minister of Mines of Zimbabwe Chidakva Walter (Walter Chidhakwa) said in an interview with local newspaper The Standard, he would like to achieve by the company comply with the government's policy.
"The current (situation with consolidation) does not include the Murowa Diamonds, and we will hold talks (with the company) for our further actions in this direction", - he said.
"My goal - to consolidate ZCDC according to a particular format Very soon we will start the discussion, perhaps a couple of weeks we will convince Murowa Diamonds find a way to conform to government policy..", - the minister added.
"They are a special permit has not yet expired, so we can not deal with them (Murowa) as well as with other diamond companies," - he continues.
The annual volume of Murowa Diamonds diamond production is 400 000 carats.
Official Harare said that the consolidation of diamond companies in Zimbabwe is intended to stop the leakage of precious stones from the country and improve the performance of budget revenues.
A number of mining companies in Zimbabwe have been instructed to cease mining operations after their licenses have expired. The company also refused to support the government's plan to consolidate their operations into a single company.
Meanwhile, it was reported earlier that the diamond company Diamond Mining Company (DMC), belonging to the owner of the Lebanon, allowed to resume operations in diamond mining in Marange (Marange). DMC is ready to transfer a 50 percent stake of its shares to the official Harare.
Last week Chidakva said that ZCDC get to use assets partially DTZ-OZGEO Russian company in the Chimanimani district in land ownership Chalzvud (Charleswood) in the east of Zimbabwe.
Post a Comment