The recent agreement signed by Galeries Lafayette to increase its ownership in the prestigious jewellery brand Mauboussin marks a significant milestone for both companies. With the majority stake now held by Galeries Lafayette, the retail group aims to utilize its expertise in the jewellery sector to drive Mauboussin’s growth to new heights.
Founded in 1827, Mauboussin has a long-standing history as a family-owned business. With Swiss entrepreneur Dominique Frémont acquiring the brand in 2002 and appointing Alain Némarq as the CEO, Mauboussin has seen significant evolution and growth over the years. Némarq, who currently holds a 15.7% stake in the company, has played a pivotal role in reshaping the brand.
The pending approval from the French Competition Authority indicates the anticipation surrounding this acquisition and the potential it holds for both Galeries Lafayette and Mauboussin. The collaboration between the retail group, Némarq, and Mirabaud Asset Management underscores the shared vision to support Mauboussin’s expansion and global reach.
Galeries Lafayette’s robust presence in the jewellery industry, coupled with its successful retail brands like Galeries Lafayette-Royal Quartz Paris and Louis Pion, positions the group as a key player in driving Mauboussin’s growth strategy forward. Additionally, Mirabaud Asset Management’s investments in lifestyle brands like Carel and Le Coq Sportif further solidify the partnership’s commitment to nurturing Mauboussin’s legacy.
As Mauboussin continues to flourish with revenues of 75 million euros in 2018 and a growing global footprint of 75 stores, the brand’s transition to focusing production in Europe reflects its dedication to quality and craftsmanship. The launch of a high jewellery brand in 2017 underscores Mauboussin’s pursuit of innovation and excellence in the industry.
This strategic move by Galeries Lafayette signifies a new chapter in Mauboussin’s journey, reaffirming its position as a frontrunner in the global jewellery market. The synergy between the retail group, Alain Némarq, and Mirabaud Asset Management sets the stage for an exciting future for Mauboussin and its continued success in the industry.
To learn more about Galeries Lafayette and Mauboussin, visit their official websites:
Galeries Lafayette
Mauboussin
