Buccellati was sold to the Chinese group Gansu Gangtai by Clessidra, fund owned by Pesenti family.
Founded in 1919 in Milan by Mario Buccellati, one of the biggest brands of Italian jewelry is heading towards Shanghai. Buccellati become chinese: on the eve of Christmas 2016 came news that the jewelry will be bought by Maison Gansu Gangtai, group specializing in retail jewelry, also online, and which owns a mining company. But you do not think it’s a very rich giant: in the last quarter announced 377 million turnover, with just 5.9 million profit. In short, great, yes, but not seems very powerfull.
To sell to the Chinese is the private equity fund Clessidra, founded by former managers Fininvest Claudio Sposito, who died in January. The fund controls 67% of Buccellati, while the rest is in the hands of the founder’s family. Clessidra was acquired in the meantime by the Pesenti group, which in turn sold Italcementi to the Heidelberg Group Germans. And Carlo Pesenti is not interested in the world of luxury. First he tried to sell Buccellati in Switzerland, the Richemont group. Then, when the signing of the sale is gone, he has now found the Chinese Gansu Gangtai Holdings. In a nutshell, it seems that Italians do not know how to build a team with so many luxury brands, as he had tried to do the former Bulgari Ceo (brand which now is owned by French LVMH), Francesco Trapani, who had entered Clessidra with this goal. Besides Bulgari have become French Pomellato and Stroili, just to stay in the jewelry world. And now also Buccellati goes away.