Arab Today, arab today lvmh takes minority stake in italian jeweller repossi
Last Updated : GMT 20:59:20
Arab Today, arab today
Arab Today, arab today

LVMH takes minority stake in Italian jeweller Repossi

Arab Today, arab today

Arab Today, arab today LVMH takes minority stake in Italian jeweller Repossi

The LVMH group is involved in six luxury sectors
Paris - AFP

The world's top luxury company LVMH has taken a minority stake in Italian jeweller Repossi to help it expand its distribution network, the two parties said Monday.

"Given the reality of the market and competition today, I have decided to open up the company's capital and LVMH has taken a minority stake," said the brand's creative director, Gaia Repossi, in an interview with the French newspaper Le Figaro.

This "consequential" participation in the company will allow the Italian brand, which has two of its own stores in Monaco and Paris, to develop "some locations," she added.

The Repossi collection is sold at 90 locations in the world. Its turnover is estimated at around 15 million euros ($15.8 million), according to several analysts cited by the newspaper.

Delphine Arnault, deputy managing director at Louis Vuitton, said in the interview that "Gaia's work points to a promising future" for the brand.

The great-granddaughter of the company's founder, Gaia Repossi, took over as director from her father Alberto Repossi at the age of 21.

The LVMH group is involved in six luxury sectors including in its jewelry portfolio Bulgari, Chaumet, De Beers and Fred.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lvmh takes minority stake in italian jeweller repossi Arab Today, arab today lvmh takes minority stake in italian jeweller repossi

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lvmh takes minority stake in italian jeweller repossi Arab Today, arab today lvmh takes minority stake in italian jeweller repossi

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday