Baccarat news and archive

Chinese fund buys French crystal maker Baccarat

The storied French crystal maker Baccarat, founded by Louis XV more than 250 years ago, said Thursday that a Chinese fund had finalised a deal to purchase the company, more than a year after the plan was first announced. Fortune Fountain Capital, founded by the Chinese businesswoman and Baccarat collectioner Coco Chen, will pay 164 million euros...

Business

France's Baccarat to be acquired by China investment fund

Centuries-oldFrench crystal maker Baccarat said Friday it is being taken over by a Chinese investment fund in a deal that would allow it to accelerate its international expansion plans. Baccarat said in a statement that China's Fortune Fountain Capital had signed a commitment to acquire a stake of 88.8 percent in the company from US investment...

Design

Daniela Riccardi appointed to Kering’s board

Luxury conglomerate Kering has appointed Daniela Riccardi, Chief Executive Officer of Baccarat, to its board of directors following its annual general meeting this week. Riccardi will serve on Kering’s board of directors for a term of four years. The Group's AGM has also approved the renewal of the terms of office of Laurence Boone and Yseulys...