82 522
Fashion Jobs
HENKEL
Material Handler
Permanent · BAY POINT
HENKEL
Director, Business Development
Permanent · ROCKY HILL
HENKEL
Quality Manager
Permanent · LAGRANGE
HENKEL
Market Segment Manager Defense & Space
Permanent · ROCKY HILL
HENKEL
Global Key Account Manager - Consumer Device Southern California
Permanent · IRVINE
SACK OFF 5TH
Asset Protection Uniform Guard
Permanent · PARAMUS
SACK OFF 5TH
Asset Protection Investigator
Permanent · SHREWSBURY
SACK OFF 5TH
Fulfillment Associate Part-Time
Permanent · LAWRENCEVILLE
NGG
Sales Supervisor
Permanent · NEW YORK
COTY
Assistant Marketing Manager, us Luxury - Burberry Makeup
Permanent · NEW YORK
NORTH CAROLINA STATE
Enterprise Research Administration Training Manager
Permanent · RALEIGH
NORTH CAROLINA STATE
Academic Coordinator
Permanent · RALEIGH
CENTRIC BRANDS
(Assistant) Manager, Logistics (Origin Carriers)
Permanent · NEW YORK
CENTRIC BRANDS
Keyholder, Robert Graham - Scottsdale
Permanent · SCOTTSDALE
CENTRIC BRANDS
Keyholder, Robert Graham - Las Vegas (Forum Shops)
Permanent · LAS VEGAS
MICHAEL KORS
PT Sales Supervisor, Walt Whitman Shops Huntington Station NY 11746
Permanent · HUNTINGTON
JCREW
Associate Manager
Permanent · CHARLOTTE
RAG & BONE
Account Executive
Permanent · NEW YORK
RAG & BONE
Senior Coordinator, Retail Marketing
Permanent · NEW YORK
MACY'S
Manager, Asset Protection
Permanent · FRIENDSWOOD
MACY'S
Asset Protection Detective, Southlake Mall - Part Time
Permanent · CLAYTON
MACY'S
Asset Protection Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
By
AFP
Translated by
Nicola Mira
Published
Mar 21, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Alain Némarq, CEO of French jeweller Mauboussin, in negotiations to become owner

By
AFP
Translated by
Nicola Mira
Published
Mar 21, 2019

The CEO of French jeweller Mauboussin, Alain Némarq, who has a 15% stake in the company, told the AFP agency on Wednesday he has started exclusive negotiations with Mauboussin’s holding company to acquire a majority interest in the jeweller.


Alain Némarq - AFP/Stéphane de Sakutin


Mauboussin, a family business founded in 1827, was bought by Swiss entrepreneur Dominique Frémont in 2002, when Némarq took charge as CEO. Némarq, 66, currently holds a 15.7% stake in Mauboussin, while Dominique Frémont, via his DPF holding company, owns the remaining 84.3%.

In a press release issued on Wednesday, “Alain Némarq, CEO of Mauboussin, announced he has entered exclusive negotiations with DPF Holding, owner of Mauboussin, in order to acquire a majority stake in Mauboussin.”

No details were given about the value of the operation, or its terms.

After taking charge in 2002, Némarq reorganised and relaunched the jewellery brand, which reported a revenue of €75 million for 2018, and operates about sixty stores and retail corners in France.

Némarq did not hesitate to break with industry tradition as soon as he joined Mauboussin, making it the first jeweller to post the price of its products on its advertisements, blanketing the Paris underground with them.

Each year, Mauboussin sells about 60,000 pieces of jewellery - with rings priced from €395, for the ‘Capsule d'émotions’ model - and just under 25,000 watches. A high jewellery line was also launched in 2017.

Four years ago, the brand began to relocate its production in France and Europe, at a time when 30% of its output was made in China, 25% in India and 20% in Thailand. “I brought back to Europe 98% of our jewellery production, over 70% of it in France. It was a deliberate policy, when some competitors were instead delocalising. I wanted to improve service, cut my logistics costs and benefit from a shorter time to market,” said Némarq to the AFP agency in October 2018.

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.