Dec 01, 2015

LVMH Takes Stake in Italian Jeweller Repossi; To Help Strengthen Distribution

Leading luxury products Group LVMH Moët Hennessy Louis Vuitton has acquired a minority stake in Italian jeweller Repossi, the two companies said in a statement released yesterday. The partnership will help the latter to develop its distribution network whilst benefitting from the managerial know-how of LVMH, they said.

Repossi was founded in Turin in 1920. It has emerged as an exclusive and creative luxury jeweller, which today is particularly well known for its iconic Berber collection and its multi-piercing earring.

Currently it is headed by Gaia Repossi, Artistic and Creative Director of the house since 2007, and the fourth generation of the family running the business. Gaia’s creations are testament to her passion for modernising the DNA of the House through her references to modern art and architecture whilst using the latest production techniques.

LVMH and Repossi share common values: creativity, product excellence, an entrepreneurial and familial spirit which give priority to the long-term view, the statement said.

“I am very pleased to have the LVMH group’s support and unparalleled experience in the world of high quality crafted products. Its support will be important for us to pursue our strategy and develop our distribution network,” stated Gaia Repossi, Artistic and Creative Director of Repossi.

“LVMH is delighted to support the development of Repossi. We share common values which based on product excellence and outstanding creativity. Repossi’s success shows a promising future with which we are pleased to be associated” continued Delphine Arnault, Executive Vice President of Louis Vuitton and LVMH Director.