POMELLATO acquired by KERING
Context
Pomellato has been acquired by he French luxury group PPR (now rebranded Kering). PPR emerged as the winning bidder, defeating a competing buyout attempt from the Damiani family and their private equity partner. For PPR, the acquisition serves a critical strategic mandate: strengthening its foothold in the high-growth hard luxury segment (jewelry and watches), where it historically held a small relative footprint compared to rivals, primarily anchored by the house of Boucheron. The transaction highlights a broader structural consolidation trend in European luxury, following LVMH's transformative €3.7 billion takeover of Bulgari.
POMELLATO, which reported an EBITDA margin of LOGIN in 2012, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Pomellato is a high-end Milanese jeweler renowned for its colorful gemstone designs, artisanal craftsmanship, and contemporary luxury positioning. Founded in 1967 by Pino Rabolini, the company introduced the concept of "prêt-à-porter" (ready-to-wear) jewelry, shifting the industry from traditional heirloom pieces to daily, fashion-forward luxury statement wear. Its business model relies on strong brand iconography, backed by high-profile marketing campaigns (featuring celebrities like Tilda Swinton), and a product mix that balances high-margin fine jewelry with its highly successful, younger accessible line, DoDo (famous for its animal-shaped charms and pendants). The organization operates an international omni-channel retail network, consisting of direct mono-brand boutiques, high-end department store corners, and selective wholesale partners. Strategically, the firm acts as a prime mid-sized target in a highly fragmented Italian jewelry market dominated by small, family-owned enterprises.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 100M - 200M EUR
EBITDA range: 10M - 30M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: pomellato
Acquirer: kering