Tag: Buccellati

  • Buccellati Unveils Palatial Asia-Pacific Flagship Store in Bangkok, Boosting Presence in Southeast Asia

    Buccellati Unveils Palatial Asia-Pacific Flagship Store in Bangkok, Boosting Presence in Southeast Asia

    Renowned Italian jewelers Buccellati have recently expanded their presence in the Asia-Pacific region with the inauguration of their largest store in Thailand. The store, situated on the M Floor of Siam Paragon in Bangkok, signifies the brand’s debut in the Thai market, contributing to its burgeoning retail network across the region.

    An Italian Heritage in a Modern Setting

    The design of the store is a tribute to Buccellati’s Italian lineage, featuring wooden paneling, handmade stucco finishes, and adornments reminiscent of European palaces. The store’s interior also includes a collection of antique furniture and mirrors from the 18th and 19th centuries. Two 16th-century mirrors from Naples, preserved with their original mirror plates and made using the traditional doratura a mecca gilding technique, are among the notable pieces on display. According to Buccellati, these mirrors were handpicked for the Bangkok location.

    The store offers a diverse range of Buccellati’s jewelry collections, such as Macri, Opera, and Tulle. In addition, customers can find high-end jewelry pieces, silverware, flatware, and giftware. The boutique also provides customers with an opportunity to witness the hand-engraving techniques that have become a signature of the Italian fashion house.

    Buccellati was established in Italy by Mario Buccellati and has since carved a niche for itself for its handmade jewelry and silverware. The brand is currently under the ownership of Richemont, and members of the Buccellati family continue to serve in key managerial positions of the enterprise.

    Questions & Answers

    What is unique about the new Buccellati store in Bangkok?
    The Buccellati store in Bangkok is the brand’s largest in the Asia-Pacific region and features a design that reflects the company’s Italian heritage.

    What does the store offer to its customers?
    In addition to offering a selection from Buccellati’s various jewelry collections, the store features high-end jewelry pieces, silverware, flatware, and giftware. Customers can also experience the brand’s signature hand-engraving techniques.

    Who currently owns the Buccellati brand?
    Buccellati is currently owned by Richemont, and members of the Buccellati family continue to hold senior management positions within the company.

  • Richemont to buy Buccellati from Chinese owner

    Richemont to buy Buccellati from Chinese owner

    Richemont group is in talks to buy Italian jewellery brand Buccellati from its new Chinese owner, according to reports from the Italian press this week. The italian press has reported the Milanese brand was being negotiated for sale with Richemont.

    The deal had apparently hit problems due to restrictions from the Chinese government regarding investments from overseas.

    Qatari investment vehicle Mayhoola was also interested.

    Bank of America Merrill Lynch was reportedly working on the sale.

    China’s Gansu Gangtai acquired Buccellati from its previous owners Clessidra in 2017, for a reported 270 million euros ($313 million), including debt.

    The news follows reports earlier in the year that Gansu Gantai planned to invest some 200 million euros to develop Buccellati.

    Richemont, which owns Cartier, among other jewellery and watch brands, was previously in talks with former Buccellati owner Clessidra, in 2016 to purchase the high-end jewellery brand.

    Both Richemont and Gansu Gangtai declined commentary on the matter.

    Founded in 1919 by the Buccellati family, the Italian jeweller was sold in 2013 to Italian investment fund Clessidra.

    In August 2017, Chinese group Gansu Gangtai Holding acquired an 85% stake.

    It has opened six stores in China alone this year, with a Beijing flagship store slated to open this month.

    Buccellati currently operates 49 namesake retail outlets between stores, retail corners and shops-in-shop, and is also distributed via 150 multi-brand retailers.

  • Richemont in Talks to Buy Buccellati from Chinese Owner

    Richemont in Talks to Buy Buccellati from Chinese Owner

    Swiss luxury holding firm Richemont is in talks to acquire jewellery manufacturer Buccellati from Chinese holding company Gansu Gangtai.

    The Chinese company took an 85 per cent shareholding in the Italian company a year ago for US$226 million, but the brand has performed poorly during the first half of this year. Gansu Gangtai’s initial plans to invest further in the brand have been scuttled by new restrictions in Chinese foreign investment and reported management difficulties.

    The company is currently valued at $313 million under the proposed deal, in which a Qatari investor, Mayhoola, has also expressed interest.

    Buccellati turns 100 next year and is known for its ornate, lush jewellery designs and bejewelled, golden iPad covers.

    It operates physical stores in Shanghai and Beijing, as well as retailing online on JD.com.

  • Buccellati opens new store in Macau’s MGM Cotai Mall

    Buccellati opens new store in Macau’s MGM Cotai Mall

    Buccellati Macau has opened a store at the new MGM Cotai Mall as a step forward in its global expansion.

    This follows the acquisition of 85 per cent shareholding of the Italian jewellery brand by China’s Gansu Gangtai Holding last year, and the opening of several stores in China, including its first boutique at Plaza 66 in Shanghai.

    Buccellati plans to open 88 stores in the next five years, 18 of which will be in Chinese cities.

    Founded in Milan in 1919, the brand is known for its traditional engraving techniques and Italian Renaissance-inspired designs. Buccellati also has stores in Japan, Europe and the US.

  • Buccellati China opens store in Shanghai

    Buccellati China opens store in Shanghai

    Buccellati China has opened its first store, in Shanghai’s Plaza 66 shopping mall.

    To celebrate, the Italian luxury jeweller hosted a grand opening ceremony followed by a gala dinner attended by its brand ambassador, international actress Zhang Ziyi.

    Buccellati also unveiled The Labyrinth High Jewelry capsule collection for Japanese luxury watches and jewellery store Wako featuring seven one-of-a-kind pieces, all embellished with diamonds and featuring such iconic Buccellati touches as tulle patterns and “rigato” engravings.