Fashion > Watches

Galeries Lafayette acquires majority stake in Mauboussin

3 monthes ago   |   By Fashion United

French retail group Galeries Lafayette has joined forces with
Mauboussin's Chairman Alain Némarq to acquire the watch and jewelry brand for an undisclosed amount. The move signals Galeries Lafayette's intention to grow in this segment, as the transaction is announced four months after the opening of a new department store at Champs Elysées featuring a large jewelry section. Galeries Lafayette also owns the jewelry label Guerín
Joaillerie and the watch labels Louis Pion and Galeries Lafayette-Royal
Quartz.
Némarq, who was supported in the transaction by Mirabaud Asset
Management, will...
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Galeries Lafayette To Take Majority Stake in Mauboussin

Galeries Lafayette To Take Majority Stake in Mauboussin

3 monthes ago   |   By WWD

PARIS - Galeries Lafayette is moving deeper into the jewelry business, announcing on Friday that it is buying a majority stake in Mauboussin.
The group is teaming up with Mauboussin chairman Alain Némarq for the transaction; the executive, who has held the position since 2002, will continue to run the company.
Galeries Lafayette, which owns watch label Louis Pion, watch retailer Galeries Lafayette-Royal Quartz and jewelry brand Guérin Joaillerie, has been working to reinvent the traditional department store business. It recently opened an airy flagship on the Champs Elysées, with a...
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