Pomellato Buys Minority Stake in Italian Goldsmith Company

  • 📰 wwd
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Pomellato is acquiring a minority stake in Costanzo & Rizzetto, a Valenza, Italy-based goldsmith company.

Costanzo and Rizzetto’s parents were the owners of two companies that produced and set precious jewelry pieces in the ’70s in Valenza, a key jewelry manufacturing hub inIn 1994, Davide Costanzo married Elena Rizzetto, who is Gregorio’s sister and in 2008, Davide and Gregorio decided to set up a business venture called Costanzo e Rizzetto srl, combining craftsmanship and technological innovation. The company has been working with some of the most prestigious international jewelry houses.

Within its workshop, artisans cast and manufacture gold pieces — using 18-karat, 14k and 9k gold in any color — and items in silver, platinum and palladium. Costanzo & Rizzetto has a special competence in creating enamel work, applying geometrical or pictorial motifs.In 2018, Pomellato unveiled itswhereby the company supported the school financially, all the while providing experts to teach at the school, structuring seminars and offering apprenticeships to students.

The high-education programs aimed at training the next generation of goldsmiths — spanning three to seven years — secured the support of the Lombardy region and recognizes the students with a certificate as Specialized Craftsmanship Technicians for Manufactured Goldsmith Goods. The latter is recognized not only in Italy but also throughout Europe.

Italy has seen a wave of merger and acquisition activity of late, as luxury brands are aiming to protect the country’s manufacturing pipeline and ensure business continuity. Most recently, wool mill Gruppo Piacenza SpA bought the storied Lanificio Fratelli Cerruti, which marked its 140th anniversary last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wasserman Gets Investment Boost From Providence Equity PartnersProvidence buys out two existing Wasserman investors, RedBird Capital Partners and Madrone Capital Partners.
Source: billboard - 🏆 112. / 63 Read more »