Renowned jewelry brand John Hardy may be sold to private equity firms, according to a report in Reuters.
“U.S. buyout groups Catterton Partners and TSG Consumer Partners are among the firms interested,” said the report, which quoted unnamed sources.
The Reuters story added that private equity firm 3i, which currently owns 23 percent of the brand, is “keen to sell” it. The report valued John Hardy at “between $100 million and $400 million.”
At press time, media contacts for John Hardy had not responded to a request for comment from JCK.
In March 2012, TSG purchased 50 percent of another jewelry firm, Alexis Bittar.
The report added that big luxury conglomerates like LVMH and Kering were not likely to purchase the company.
Hardy and wife Cynthia founded the company in 1989. In 2007, he sold it, in a management buyout led by CEO Damien Dernoncourt and creative director Guy Bedarida.
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