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Damiani Group signs agreement to acquire Baume & Mercier from Richemont

Swiss luxury conglomerate Richemont and Italian jewellery firm Damiani Group have signed an agreement for the latter to acquire full ownership of specialist watchmaker Baume & Mercier. The private transaction marks a significant shift for the historic watch brand as it joins one of Italy’s last independent family-run luxury groups. With a legacy...

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Vinted announces “major” US expansion to address growing demand

European resale platform Vinted has made a more definitive leap over the pond to launch its services in the US. Its expansion in the region, beginning with New York, responds to evidence of a growing need among Americans for an outlet to offload their secondhand goods. The latest shift hints at an intention to potentially scale the platform in...

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