Editor’s Note
This article reports on LVMH’s acquisition of a majority stake in Platinum Invest Group, a major French jewelry producer. The move underscores the luxury conglomerate’s strategic expansion within the high-end jewelry sector.
According to Agence France-Presse, French luxury giant LVMH Group has acquired a majority stake in France-based Platinum Invest Group, a leading jewelry producer whose portfolio includes companies such as Orest and Abysse.
A statement indicated that LVMH has completed the transaction with Andera Partners, Bpifrance, and other shareholders, though no financial details were disclosed.
The transaction is intended to strengthen the production capacity in France for LVMH’s American jewelry brand Tiffany & Co. and support its strong growth in the high jewelry segment.
While LVMH rarely discloses specific financial data for individual brands, Group CEO Bernard Arnault highlighted during the annual results presentation:
This year, Tiffany’s global flagship store on Fifth Avenue in New York is set to reopen after renovation.