Swarovski could acquire Pomellato
According to reports by Italian media, premium jeweller Pomellato is being courted by several potential buyers, the pole position being held by family owned giant Swarovski. Pomellato would ideally complement Swarovski’s offering and provide for a wide international retail network. PPR Group is said to be among the other groups interested in Pomellato, longing to expand its jewellery business. In 2012, Pomellato registered a 9% increase in its turnover compared to 2011, reaching a total of 150 million euros. Presently, 71% of Pomellato is detained by the Rabolini family and 10% by its CEO Andrea Morante.