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LVMH Group is to take a minority stake in Italian jewellery company Repossi, in a bid to support the brand’s development.
Repossi Artistic and Creative Director Gaia Repossi 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.
Louis Vuitton Executive Vice President and LVMH Director Delphine Arnault said: “LVMH is delighted to support the development of Repossi. We share common values which are based on product excellence and outstanding creativity. Repossi’s success shows a promising future with which we are pleased to be associated.”
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Founded in Turin in 1920, Repossi developed into a creative luxury jeweller, known for its iconic Berber collection and its multi-piercing earring. Fourth generation of the Repossi family, Gaia Repossi, has worked as Creative Director since 2007. According to the company, her creations are “testament to her passion for modernising the DNA of the House through her references to modern art and architecture while using the latest production techniques”.
LVMH and Repossi are said to share common values of creativity, product excellence and an entrepreneurial and familial spirit. The two companies said the partnership will enable Repossi to develop its distribution network while benefitting from LVMH’s managerial know-how.
