Editor’s Note
This article reports on the acquisition of Oro Vivo’s German operations by French jewelry firm Thom Europe. The deal marks a strategic expansion for Thom Europe within the European market. Financial details remain confidential.
Oro Vivo is changing hands. The French company specialized in jewelry, Thom Europe, has finalized the acquisition of the German arm of Oro Vivo, which was owned by the Christian Bernard Group. The financial terms of the deal have not been disclosed.
Thom Europe, which recently acquired the Italian jewelry brand Stroili, aims to position itself as one of the leading affordable jewelry companies in Europe. The German arm of Oro Vivo, which controls the chain’s business in France, Italy, and Germany, operates a distribution network of 38 points of sale and generates a turnover of 18 million euros.
In Spain, Oro Vivo’s business has been independent from the group’s parent company since 1989. Since December 2014, the jewelry chain in Spain has been controlled by the fund Endurance Partners, which also controls the children’s fashion brand Canada House and TCN.
Headquartered in Barcelona, the company has felt the effects of the economic crisis and, in recent years, has been forced to close almost half of its stores. In 2007, the company surpassed the milestone of one hundred establishments and approached a business volume of forty million euros.
According to the latest available data, Oro Vivo closed the 2014 fiscal year with sales close to twenty million euros. Currently, Oro Vivo’s business in Spain consists of 46 establishments, plus about twenty in Portugal, and employs 250 workers.
