Italian Jeweler Buccellati Sold to Chinese Firm

The founding family retains a 15 percent stake, reports say

Italian private equity firm Clessidra has sold its 85 percent stake in Italian jeweler Buccellati to the Chinese Gangtai Group, according to a report in Reuters.

The founding Buccellati family retains a 15 percent stake, the news agency said.

Neither Buccellati nor Clessidra could be reached for comment.  

Clessidra first bought a stake in Buccellati in 2013.

JCK News Director