×
72 034
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Detective, Part Time - ny 59th st
Permanent · New York
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time, Metro Pointe
Permanent · Costa Mesa
BLOOMINGDALE'S
Registry Consultant, Full Time, 59th Street
Permanent · New York
MICHAEL KORS
p/t Sales Supervisor, Ann Arbor Michigan
Permanent · Ann Arbor
UNDER ARMOUR
Stock Teammate, Part-Time 5am-10am Shift, $15 Per Hour
Permanent · LEHI
UNDER ARMOUR
Stock Teammate, Part-Time 5am-10am Shift, $15 Per Hour
Permanent · LUTZ
UNDER ARMOUR
Warehouse Administrator, Transportation Direct Ship (Mon-Fri 7:00am to 3:30pm $18.25)
Permanent · RIALTO
UNDER ARMOUR
Manager, Inventory Control And Quality Assurance (Night Shift) Tues-Fri 4pm to 2:30am $43.06
Permanent · RIALTO
UNDER ARMOUR
Manager, Inventory Control And Quality Assurance (Icqa)
Permanent · SPARROWS POINT
UNDER ARMOUR
Stock Teammate, Part-Time 4am-10am Shift, $15 Per Hour
Permanent · NORFOLK
ON RUNNING
Director, Internal & External Communications North America
Permanent · NEW YORK
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15.25 Per Hour
Permanent · SACRAMENTO
UNDER ARMOUR
Operations Manager, Team Sales
Permanent · BALTIMORE
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Bloomie's
Permanent · FAIRFAX
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time - Bloomie's Old Orchard
Permanent · SKOKIE
OLD NAVY
Assistant General Manager - Alameda so. Shore ct
Permanent · ALAMEDA
NEWELL
Manager, Human Resources
Permanent · PATASKALA
ECCO
Import Logistics Manager (Hybrid)
Permanent · LONDONDERRY
DECKERS
1st Shift Inventory Control Cycle Counter/Equipment Operator
Permanent · MORENO VALLEY
DECKERS
Stock Lead, Deckers Brands
Permanent · GOLETA
DECKERS
sr. Product Line Manager, Performance - Hoka
Permanent · PORTLAND
DECKERS
Retail Operations Coordinator
Permanent · GOLETA
Translated by
Nicola Mira
Published
Mar 23, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

LVMH exits from jewellery joint-venture with De Beers

Translated by
Nicola Mira
Published
Mar 23, 2017

LVMH has reached an agreement for the sale of its stake in the De Beers Diamond Jewellers (DBDJ) joint-venture company to its equal-share partner, South African diamond giant De Beers. The news was reported in an internal communiqué, confirming the rumours that appeared recently in the specialised press. The sale, whose value was not disclosed, will have immediate effect.


The De Beers store opened at the end of 2016 on Madison avenue, New York - DR


The French luxury group emphasised that both partners are likely to benefit from the transaction. It will in fact allow LVMH to focus on its own jewellery labels (Bulgari, Chaumet and Fred), while De Beers will be able to integrate the retail business stemming from the joint-venture within its own diamond-related empire.

DBDJ is a UK-incorporated company, in which both partners held a 50% stake. It was set up in 2001 to allow LVMH to strengthen its position in the jewellery business, by establishing and managing the De Beers jewellery retail chain, while the South African group, the world's number one in the diamond business, would in turn be able to exploit the French luxury group's huge distribution network.

In the meantime, in 2011 LVMH acquired Italian fine jewellery label Bulgari, which it recently endowed with a new, ultra-modern, high-performance manufacturing site, investing an estimated €35 million for it. The Bulgari acquisition muscled up Bernard Arnault's presence in the jewellery sector, until then a weak point since LVMH only owned Fred and Chaumet.

As a result, the French group is now a major player in the industry: in 2016, its watch and jewellery business was worth €3.468 billion in sales, and grew by 5%.
 

Copyright © 2023 FashionNetwork.com All rights reserved.