Baccarat S.A. (Paris, Euronext, BCRA), a French crystal company, has received an equity investment of undisclosed amount from Catterton Partners and Groupe du Louvre.
The investment aims to accelerate Baccarat’s growth and development on an international scale. In conjunction with the transaction, two partners of Catterton, Michael Chu and Neda Daneshzadeh, have joined the board of directors of the company.
Founded in 1764, Baccarat is a luxury brand internationally renowned as a leader in high-end and exclusive crystal products. With artisanal manufacture based in Baccarat in the Lorraine region of Eastern France, the brand produces products such as iconic lighting, tableware and decorative objects, fine jewellery and tailor-made flacons.
FinSMEs
12/07/2012