16 Dec 2019
DiamondWorld Directory
Home |
News
Home
Damiani acquires Rocca as part of expansion
Is looking at enhancing distribution network
By: Diamond World News Service
|
Sep 19 2008 11:08PM
|
Reference: 3062  

DecreaseIncrease

Damiani S.p.A. has purchased Rocca S.p.A. from the Damiani family. The deal worth EUR 7 million ($10.08 million.) will be completed with Damiani paying EUR 2.05 million in shares and EUR 4.5 million in cash.

At present, Rocca owns 22 stores under direct management, which deliver high-end watches and jewellery. Its revenues figures in 2007 were around EUR 39.2 million ($56.4 million,), and the company faced a net loss of nearly EUR 2 million ($2.87 million,).

Damiani is citing the acquisition as an opportunity to strengthen its retail business and is part of its corporate expansion strategy.

Related news
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 22578
GJEPC Chairman Interview
Views: 20583
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 27772
Promo for IJ Awards 2012 at NDTV Profit
Views: 40740
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 44493
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 17514
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 42601
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 40358
Advertisement
GIA_NEWS
Advertisement
M.Tarun
Member of:
Supporter of: