Gucci Buys Richard Ginori
April 23, 2013,
FLORENCE, Italy-Gucci has agreed to purchase Italian tabletop company Richard Ginori for 13 million euros, or $17 million, according to published reports. Additional reports earlier this month said Gucci is interested in developing a home collection, and that Richard Ginori would be the centerpiece of the tabletop portion.
The nearly 300-year-old company, based in Florence, Italy, has been in liquidation, an Italian business practice that is akin to an American Chapter 11 filing, since May of last year.
Cameron called Richard Ginori a "terrific" brand that has strength in markets Lenox is interested in developing, particularly in Japan and Italy.
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