PPR and Damiani in Final Battle Over Pomellato

Posted on March 7, 2013 by Suleman Anaya

MILAN, Italy — PPR is the leading suitor left in the quest to acquire Pomellato, having effectively edged out Swarovksi, Renzo Rosso and Prada, who were reportedly also interested in taking over the jeweller. The Milanese company, one of the few top independent jewelers left in the Europe, has been seeking to increase its capital since 2011, when it decided to forgo initial plans for an IPO due to the precarious political state in Italy. PPR had already been in talks with Pomellato in...

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