France“s Arc International Group has concluded the partial sale of the activities of the Salviati brand to JL Coquet-Jaune de Chrome and designer Pierre Rohatyn. The transfer includes the Murano work…
France“s Arc International Group has concluded the partial sale of the activities of the Salviati brand to JL Coquet-Jaune de Chrome and designer Pierre Rohatyn. The transfer includes the Murano workshop (VSA), located in Italy. Salviati, founded in 1859, is among the most prestigious Murano glass brands and comprises two main activities, decoration and jewellery. The investment required for the fair development of the activities was too significant for the group as these are no longer at the heart of its priorities. The group therefore announced in June 2007 that Salviati was up for sale. Additionally, the new shareholders will re-position the jewellery activity in high end and luxury markets by overhauling the collection and setting up a selective distribution network. The group has now begun the active transfer of its shops. Patrick Gournay, CEO of Arc International said: “We are confident that the buyers will put in place the means to ensure the future of the Salviati brand. We will pay special attention to the employees concerned by these decisions and we will support them during the transition period while respecting the social practices of the Group and the regulations in force in each country. These measures demonstrate the clear determination of the Group to refocus on its core business and reach its profitability objective”. Arc International employs 16,500 people worldwide. The group, whose head office is located at Arques, in the French Pas-de-Calais region, achieved a turnover of EUR 1.4 billion in 2006. It markets tableware products in more than 160 countries, notably under the Luminarc(R), Mikasa(R), Cristal d“Arques(R) Paris, Arcoroc(R), Pyrex(R), and Studio Nova(R) brands.