Richline Purchases Italian Manufacturer Carniani



Richline announced on Sept. 12 that it had acquired the production, designs, intellectual property, and distribution rights to the Italian jewelry brand Carniani, the fifth Italian brand it has purchased.

Current owner Lucio Carniani will continue to run the brand, which was founded in 1978, a statement said.

Richline, owned by Warren Buffett’s Berkshire Hathaway, announced in June that it had purchased three Italian brands— 7AR, Erz, and Farinex. This spring, it purchased Italian brand Zeno.

Richline chief marketing officer Mark Hanna tells JCK that the company is focusing on two areas—the international business and online sales, in partnership with its jewelers.

“We are looking at increasing our operations worldwide,” he says. “Our factories are now all over the world. We are already manufacturing in Bolivia and the Dominican Republic.”

Hanna says the company is also looking at other Italian acquisitions.

“Our industry is first and foremost [about] good product development, and Italy is always in the forefront of that,” Hanna says. “We are committed to the precious metals business and we are finding very good, creative factories that need help.”

 

JCK News Director