Fortrove News

In an historic move, LVMH has further secured its position as one of the most powerful conglomerates in fashion and jewelry by acquiring Pedemonte. The Pedemonte Group is a jewelry producer that has locations in both Italy and France. The group's production capacity will now increase immensely with the help of LVMH, and the growth of the Watches & Jewelry Division as well as its jewelry Maisons will steadily grow. 

Pedemonte is the result of several independent production workshops merging in 2020. Each of the workshops themselves have decades of experience between them, and with the combined effort, the Pedemonte Group has become one of the finest jewelry manufacturers in the world. Locations are present in Northern Italy, particularly Valenza and Valmadonna, as well as in Paris. 350 artisans and employees make up Pedemonte.

In a statement, Toni Belloni, Deputy Managing Director of the LVMH Group, said, “With this strategic acquisition for our Maisons, the LVMH Group further strengthens its presence in Italy while continuing to support the ecosystem of companies that contribute to the success of our Maisons. With Pedemonte, our Maisons will gain a partner recognized for its know-how to support their growth and maintain their leadership in jewelry."

Stéphane Bianchi, Chairman and CEO of the Watches & Jewelry Division, then added, “We are very pleased to welcome the teams from the Pedemonte Group and its subsidiaries with whom we have been working for many years. Today our stories and our values come together around this spirit of excellence and enterprise, the perpetuation of craftsmanship and the development of creativity." 

“Joining the LVMH Group is a source of pride and motivation for the entire management team and employees. This operation will allow us to maintain our ambitions in terms of development, training and strengthening of our human resources, the heart of our activities. We will also pursue an ambitious investment policy to meet new challenges, particularly in technology,” says Gian Andrea Garrone, Chairman and CEO of Pedemonte Group.

“We are extremely proud of the group’s history and growth. The deployment of a high-performance manufacturing platform has garnered the interest of an international player as relevant and important as LVMH,” comments Angelo Facchinetti, Partner at Equinox.

Information originally sourced from LVMH.