The world leader in luxury LVMH will take over the Alsatian group Platinum Invest – Le Journal des Entreprises
The world leader in luxury LVMH is preparing to take over the Platinum Invest group, a manufacturer of jewelry and jewelery items, from the Parisian private equity firm Andera Partners. Constituted around the company Orest, founded in 1963 and based in Erstein, in the Bas-Rhin, this group is experiencing dazzling growth. It has tripled in size in four years, in particular following two external growth operations: BD Product (Doubs) in January 2022 and Abysse (Paris), last July. With several factories in Alsace, the Vosges and New Aquitaine, an internal school, three design offices, it employs some 800 people. The acquisition of this jewelry manufacturer for luxury houses will enable the LVMH group to strengthen the production capacities of Maison Tiffany. Employing 196,000 people, the group led by Bernard Arnault achieved 21 billion euros in turnover in the first quarter, up 17% compared to the same period in 2022.