stroili-sold-to-histoire-dor

After Bulgari, after Pomellato, after Buccellati, another Italian brand that takes the train to abroad, or better, for France: Stroili is sold to Thom Europe, holding company of Histoire d’Or (Thom Europe), already present in Italy with three points sale. This is the most widespread of French jewelry chain, and it’s corresponding to Stroili dimension in Italy. Accesible Luxury, the italian company that controls Stroili, is owned by Andrea Bonomi’s Investindustrial fund and others private equity fund as 21Investimenti, Wise and NB Renaissance, along with L Catterton (LVMH group) and other minority shareholders. They have reached an agreement for the sale of the entire capital. Stroili is among the top five retail chains of jewelry and watches in Europe for revenues, and employs over 572 outlets. We do not know the figure agreed for the operation. At the moment Maurizio Merenda, current Ceo of Stroili, will retain a charge even in the new structure. The transaction will be financed entirely with equity and debt.
The official statement of the company speaks of an operation that „will support expansion ambitions in Europe of Stroili“, with synergies which will lead the new company to become the first international platform of jewelry at affordable prices. In the 12 months ended March 31, 2016, Stroili generated in-store sales of 216 million euro and an Ebitda of 35 million pro forma. Thom Europe, which is in turn controlled by a series of private equity funds (Bridgepoint, Apax Partners, Altamir, Management and Qualium Investissement), created in the 12 months ended March 31, 2016, in-store sales to 387 million euro and a pro forma adjusted Ebitda of 78 million. Federico Graglia