Global private equity and venture capital news and research

Italian jeweller Damiani holds fast despite private equity interest

17 Feb 2014

jewellery-necklace-pearlItalian jewellery retailer Damiani is not looking to sell, despite frequent approaches from private equity firms, company chief executive Guido Damiani said to Reuters.

The family-owned business has been hit by the economic downturn, reporting an operating loss of €2.2m for the nine months to the close of 2013.

The company is looking to expand its presence in Asia to boost its sales which, Damiani said. It recently opened its first boutique in Kyrgyzstan, a former Soviet republic in Central Asia, as well as its second directly operated boutique in Shanghai’s Xin Tian Di area.

Just last week mid-market consumer firmVendis Capital invest in Belgian jewellery company Victoria Group, while 2013 saw Italian private equity firm Clessidra acquire Milan-based Bucellati.

Copyright © 2014 AltAssets

Keywords: ,

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016