This operation will allow us to maintain our ambitions in terms of development, training and strengthening of our human resources, the heart of our activities. “Joining the LVMH Group is a source of pride and motivation for the entire management team and employees. Pedemonte will join LVMH’s existing portfolio of jewelry and watch companies including Chaumet, Tiffany & Co., Bulgari, Hublot, FRED, TAG Heuer, and Zenith. With Pedemonte, our maisons will gain a partner recognized for its know-how to support their growth and maintain their leadership in jewelry,” LVMH deputy managing director Toni Belloni said in a statement. “With this strategic acquisition for our maisons, the LVMH Group further strengthens its presence in Italy while continuing to support the ecosystem of companies that contribute to the success of our maisons.
Merging “cutting-edge technology and artisanal craftsmanship,” Piedemonte’s impressive execution in its collaboration with LVMH maisons ultimately warranted the deal. The exact figure of the acquisition from Equinox III SLP SIF investment fund has yet to be disclosed. Pedemonte group was first established in 2020 under Equinox through a merger of several independent production workshops including Villa Pedemonte Atelier and Vendorafa Lombardi, combining decades of heritage and experience.
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