A PYMNTS Company

Italy/France: Gucci, Puma owner to make strategic buyout of luxury jeweler

By  |  April 24, 2013

The France-based owner of major brands like Gucci and Puma has announced plans to acquire a majority stake in Pomellato, a luxury jewelry company based in Italy. In a move to strengthen its position in the jewelry market, PPR SA has announced plans to buy the stake from RA.MO SpA; a co-shareholder of RA.MO will reportedly remain CEO of Pomellato, based in Milan. Financial details of the deal, which remains subject to regulatory approval by competition authorities, were not disclosed. Pomellato’s enterprise value was reported at $351 million.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Businessweek

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.