53
Fashion Jobs
ZALANDO
Head of Engineering - Emerging Propositions
Permanent · HELSINKI
VERO MODA
Myyjä (Vuorotteluvapaasijaisuus) Vero Moda Seinäjoki
Permanent · SEINÄJOKI
ESTÉE LAUDER COMPANIES
Beauty Advisor - Sokos Helsinki (Fulltime Temporary)
Fixed-term · HELSINKI
ESTÉE LAUDER COMPANIES
Full Time Beauty Advisor - Vantaa Airport, Helsinki
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Estee Lauder Companies - Multi Counter Manager - Stockmann, Turku
Permanent · TURKU
MUJI
Avoin Hakemus - Myymälä
Permanent · HELSINKI
MUJI
Avoin Hakemus - Ravintola
Permanent · HELSINKI
JACK & JONES
Myyjä Jack & Jones Helsinki Outlet
Permanent · HELSINKI
MANGO
Sales Assistant
Fixed-term · VANTAA
RITUALS
Sales Advisor (Summerextra) - Tampere - Ratina Shopping Center
Permanent · TAMPERE
RITUALS
Sales Advisor (Summerextra) - Vantaa - Jumbo
Permanent · VANTAA
JACK & JONES
Kesätöihin Myyjäksi Vero Moda / Jack & Jones Porvoo
Permanent · PORVOO
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Mikkeliin
Permanent · MIKKELI
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Ouluun
Permanent · OULU
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Vaasaan
Permanent · VAASA
MONKI
Sales Advisor, 10h (Summer Help Temporary)
Fixed-term · VANTAA
VERO MODA
Myyjä Vero Moda Seinäjoki Idepark
Permanent · SEINÄJOKI
ESTÉE LAUDER COMPANIES
MAC Make-up Artist (20h/Week) - Sokos Tampere
Permanent · TAMPERE
ESTÉE LAUDER COMPANIES
Beauty Advisor (30h/Week) - Stockmann Helsinki
Permanent · HELSINKI
MASSIMO DUTTI
Sales Assistant Massimo Dutti, Helsinki
Permanent · HELSINKI
H&M
Sales Advisor, 15h - Kesätyö
Permanent · SEINÄJOKI
H&M
Sales Advisor, 10h - Kesätyö
Permanent · KOTKA
Translated by
Nicola Mira
Published
Mar 23, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

LVMH exits from jewellery joint-venture with De Beers

Translated by
Nicola Mira
Published
Mar 23, 2017

LVMH has reached an agreement for the sale of its stake in the De Beers Diamond Jewellers (DBDJ) joint-venture company to its equal-share partner, South African diamond giant De Beers. The news was reported in an internal communiqué, confirming the rumours that appeared recently in the specialised press. The sale, whose value was not disclosed, will have immediate effect.


The De Beers store opened at the end of 2016 on Madison avenue, New York - DR


The French luxury group emphasised that both partners are likely to benefit from the transaction. It will in fact allow LVMH to focus on its own jewellery labels (Bulgari, Chaumet and Fred), while De Beers will be able to integrate the retail business stemming from the joint-venture within its own diamond-related empire.

DBDJ is a UK-incorporated company, in which both partners held a 50% stake. It was set up in 2001 to allow LVMH to strengthen its position in the jewellery business, by establishing and managing the De Beers jewellery retail chain, while the South African group, the world's number one in the diamond business, would in turn be able to exploit the French luxury group's huge distribution network.

In the meantime, in 2011 LVMH acquired Italian fine jewellery label Bulgari, which it recently endowed with a new, ultra-modern, high-performance manufacturing site, investing an estimated €35 million for it. The Bulgari acquisition muscled up Bernard Arnault's presence in the jewellery sector, until then a weak point since LVMH only owned Fred and Chaumet.

As a result, the French group is now a major player in the industry: in 2016, its watch and jewellery business was worth €3.468 billion in sales, and grew by 5%.
 

Copyright © 2024 FashionNetwork.com All rights reserved.