Clessidra and the Buccellati family announced today the sale of an 85% stake of Buccellati Holding Italia (“Buccellati”) to the Chinese conglomerate Gangtai Group. Clessidra and the Buccellati family will retain a 15% stake in Buccellati.
Buccellati, founded in Milan in 1919, is one of the most prestigious Italian jewelers. The company has a wide international presence especially in Europe and the United States with both direct stores and distribution agreements.
