mynth
07/2013

POMELLATO acquired by KERING

ITALY Luxury Goods / Watches & Jewelry EV 300M - 700M EUR

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 in 2012, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.2x).

-> Deep-dive in Retail & Consumer market trends

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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2012
2011

Similar deals in Luxury Goods

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2016G-III APPAREL GROUPDONNA KARANUNITED STATESFashion & Leather Goods
02/2016PiperMonica VinaderUNITED KINGDOMWatches & Jewelry
04/2015CLESSIDRA SGR / L-GAMROBERTO CAVALLIITALYFashion & Leather Goods
02/2014BLACKSTONEVERSACEITALYFashion & Leather Goods
07/2013LVMHLORO PIANAITALYFashion & Leather Goods
10/2012PAI PARTNERSMARCOLINITALYLuxury Supply Chain
07/2012MAYHOOLAVALENTINOITALYFashion & Leather Goods
06/2011EURAZEOMONCLERITALYFashion & Leather Goods
03/2011LVMHBULGARIITALYWatches & Jewelry
08/2008VSP VISIONMARCHON EYEWEARUNITED STATESLuxury Supply Chain

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of POMELLATO by KERING are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: pomellato

Acquirer: kering