Italian jewelry brands Rosato and Calgaro are merging in a strategic agreement described by the companies as "a means to help both ride [out] the challenging economic times which have battered the Italian jewelry industry." Neither company has released financial details of the deal. Calgaro will remain based in Milan and produce its goods in Vicenza, while Rosato has offices in Arezzo, Tuscany, and Milan, in addition to a U.S. office in Burbank, Calif.
"Both companies will continue to operate independently in terms of design, product development, and brand strategy," said Rosato spokesperson Stafania Marchesi to the press.
Added Rosato USA President, Michael Pucci: "We look forward to offering fine independent jewelers and upscale department stores a nice selection of Calgaro’s exquisite jewelry designs."
Rosato’s sales force will offer Calgaro jewelry to select retailers across the United States and the Caribbean.
Calgaro was founded by Giuseppe Calgaro and Monica Fin in 2000 and is known for its woven, fabric-like gold and silver jewelry. Rosato was founded in 2004 by Simona Rosato, its creative director, with the idea of turning fine jewelry into a more trend-driven accessory.
For more information, call (818) 319-4200 or visit www.rosatojewelry.com.