Editor’s Note
LVMH’s acquisition of the Pedemonte Group marks a strategic push to bolster its in-house manufacturing for brands like Bulgari and Tiffany, signaling a deeper investment in the high-end jewelry market.
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has announced the acquisition of Italian jewelry manufacturer Pedemonte Group. This strategic move aims to strengthen LVMH’s position in the high-end jewelry segment and enhance its in-house production capabilities for its prestigious jewelry maisons, such as Bulgari and Tiffany & Co.
The acquisition of Pedemonte, a family-owned company renowned for its craftsmanship in gold and precious stone setting, provides LVMH with critical manufacturing expertise and additional production capacity. This is particularly significant as demand for luxury jewelry remains robust globally. The deal allows LVMH to secure a reliable supply chain for intricate jewelry pieces, reducing reliance on external suppliers.
This acquisition is part of a broader trend among luxury groups to vertically integrate their supply chains, especially for high-value, craftsmanship-intensive categories like fine jewelry and watches. Controlling key manufacturing assets is seen as crucial for maintaining quality, protecting intellectual property, and managing costs.
While the financial terms of the transaction were not disclosed, industry analysts estimate the deal value to be in the range of several hundred million euros. The acquisition is expected to be finalized in the coming months, pending regulatory approvals.
