Damiani news and archive

Damiani Group signs agreement to acquire Baume & Mercier from Richemont

Swiss luxury conglomerate Richemont and Italian jewellery firm Damiani Group have signed an agreement for the latter to acquire full ownership of specialist watchmaker Baume & Mercier. The private transaction marks a significant shift for the historic watch brand as it joins one of Italy’s last independent family-run luxury groups. With a legacy...

Apparel

FIPB nod to Brook Brothers, Damiani

Along with Pavers England, two other single-brand retail ventures including Brook Brothers, America’s oldest clothing retailer and Italian jewellery brand Damiani have got the clearance by Foreign Investment Promotion Board (FIPB) to enter the Indian market. While Brooks Brothers has entered into a 51:49 joint venture with Mukesh Ambani’s...

Apparel

Italian jewelry brand Damiani plans India entry

After India hiked the FDI cap in single-branded retail from 51 per cent to 100 per cent, several international companies like UK-based shoe company Pavers England and Swedish home products IKEA expressed their interest to enter. Now joining them is Italian jewelry brand Damiani. Recently, the brand has filed a proposal to the Foreign Investment...