Report
Gangtai Group acquires majority stake in Buccellati
The Chinese conglomerate has agreed to acquire an 85 percent stake in the high-end jeweller, owned up to date by Italian equity firm Clessidra. The deal valued the Milan-based jeweller at 270 million euros, or 6.6 times its revenues, according to a source close to the matter cited by Reuters. The Buccellati family, who founded the company in...
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