(CercleFinance.com) – The Group announces the acquisition, from the Equinox III SLP SIF investment fund, of the Pedemonte Group, a jewelry producer based in Italy and France.
‘Pedemonte is now a recognized player in the jewelry industry. With its locations in the towns of Valenza and Valmadonna (Alessandria), in northern Italy, as well as in Paris, the Pedemonte Group combines cutting-edge technology and craftsmanship,’ indicates the LVMH group.
The company now employs 350 craftsmen and employees.
“With this strategic acquisition for our Houses, the LVMH Group is strengthening itself a little more in Italy while continuing to support the ecosystem of companies that contribute to the success of our Houses. With Pedemonte, our Maisons will rely on a partner recognized for its know-how in order to support their growth and maintain their lead in jewellery,” said Toni Belloni, Deputy Chief Executive Officer of the LVMH Group.