Pinault

Buccellati bye-bye: it is wrote by the newspaper Sole24Ore and nobody has denied it. An article by Carlo Festa, draws a farewell from the Italian fund of private equity Clessidra. Buccellati will end up on Swiss bank of Lake Geneva, in the big house of the Richemont group. After the disappearance, in January, of the founder of Hourglass, Claudio Sposito, seems to go down the idea of ​​a center of Italian luxury, which had been toyed with the entry into private equity fund of Francesco Trapani. Who is a former number one of Bulgari, sold five years ago to the French LVMH group. Trapani became vice president of Clessidra with the idea of ​​bringing together under one hat other luxury brands, a bit ‘as the French group Bernard Arnault or François Pinault’s Kering , which controls inter alia, the Italian brand Pomellato. Or also the Swiss Richemont group, which already owns brands such as Cartier, Piaget and Van Cleef & Arpels. The argument between the wife of Sposito, Manuela Del Castillo and Trapani, which is going from Clessidra, instead has revolutionized the strategy. And will be no a big group of Italian jewelry: Buccellati will end in the land of William Tell. Whether he wants it or not Andrea Buccellati, president and representative of the family founder, who maintains a minority stake in the company. Federico Graglia