FASHION

LVMH to Take Stake in Repossi

A jeweller founded in Turin in 1920

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The LVMH Group announced Monday that it will take a minority stake in luxury jewelry brand Repossi. The Italian company is led by Artistic and Creative Director Gaia Repossi, who took the lead at the company her great grandfather founded in 2007, at only 21 years old. LVMH already holds several jewelry brands in its stable, including Bulgari, De Beers and Chaumet. Board member Delphine Arnault told Le Figaro that the group "is known for the independence of each of its houses," but did not give any further details of its strategy for the Repossi stake. “LVMH is delighted to support the development of Repossi,” said Delphine Arnault, “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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