This year in March, Piper sold its stakes in Monica Vinader to Bridgepoint.
Vendorafa, founded in 1951 in Valenza, Italy, is a subsidiary of Lombardi Srl, which is majority-owned by the watch and jewelry division of the luxury conglomerate LVMH Group.
According to Gismondi 1754’s financial report for 2022, the company demonstrated strong performance with significant growth in revenue, gross profit, and net profit.
In 2022, the two brands, Lao Miao and Ya Yi, added a total of 606 new business locations, expanding their reach even further.
IEG will continue its Southeast Asia development plan with the support of the Singapore Tourism Board.
Over 500 local, regional, and international luxury watch and jewelry brands showcased their collections at the 19th Doha Jewelry and Watch Exhibition.
China is Swarovski’s second-largest market worldwide (accounting for 12% of sales), while Germany is the largest market in the European region.
The group is planning new acquisitions in the manufacturing and retail sectors to maintain the business performance and strengthen its internationalization.
In 2022, Lao Feng Xiang achieved a whopping revenue of 63.01 billion yuan, marking a remarkable 7.36% increase year-on-year.
Driven by continued strong brand momentum across major markets, annual sales were at a record 26.5 billion Danish crowns last year.
