Kering-owned brand Boucheron has purchased a Paris atelier that it believes will help it increase its jewelry output.
“The acquisition of this high-jewelry workshop writes a new chapter in the history of the maison,” said Boucheron CEO Hélène Poulit-Duquesne. “It will reinforce the production capacity of Boucheron’s historical workshop…enabling us to meet the increasing demand of our clients while maintaining the excellence of our craftsmanship.”
The workshop is located just off Paris’s famed Place Vendôme, known for its luxury shops, Boucheron said Monday. The business is composed of four companies — Blondeau, Belter, Chanson, and FG Développement — that have worked together at the same location since 2017, and house approximately 60 artisans, including computer-aided design (CAD) artists, jewelers, lapidaries, setters and polishers. The group joined Boucheron on October 31.
The acquisition is the latest in a series of workshops luxury jewelers have purchased. In April, LVMH snapped up a majority stake in Platinum Invest in a bid to strengthen subsidiary Tiffany & Co.’s manufacturing capabilities. Meanwhile, last year, the French conglomerate bought Italian jewelry producer Pedemonte Group, and Kering’s Pomellato brand established a long-term equity partnership with Italian goldsmith company Costanzo & Rizzetto.