(Finance) – The French luxury giant LVM extension has acquired the Pedemonte group from the Equinox III SLP SIF investment fund, a jewelry manufacturer with offices in Italy and France. The conglomerate – which controls iconic brands such as Louis Vuitton, Tiffany & Co, Moet & Chandon and Bulgari – stressed that the operation is strategic for the Watches & Jewelry Division and allows you to significantly increase production capacity.
Born in 2020 from the merger of several independent production laboratories, Pedemonte is today a recognized actor in the manufacturing of high-end jewels. With offices in the cities of Valencia and Valmadonna (Alessandria), as well as in Paris, the Italian group takes care of all the key stages of production. Pedemonte now employs 350 craftsmen and employees.
“With this strategic acquisition, the LVMH group it is further strengthened in Italycontinuing to support the ecosystem of companies that contribute to the success of our Maisons – he declared Tony BelloniGeneral Manager of LVMH – With Pedemonte, our Maisons will rely on a partner recognized for its savoir-faire, in order to support their growth and maintain their leadership in jewellery”.