3i to invest $30 million in HK jeweller John Hardy
TOKYO Oct 25 (Reuters) - British private equity and venture capital firm 3i Group Plc (III.L) said on Thursday it will invest $30 million in Hong Kong-based jeweller John Hardy Group.
After 18 years in the business, John Hardy's founders are retiring and have agreed to sell the firm to company chief executive officer Damien Dernoncourt and creative director Guy Bedarida. 3i's investment will support the management buyout.
Founded in 1989 by John Hardy, its products are now sold in major department stores including Neiman Marcus, Saks Fifth Avenue and Bloomingdales.
The firm plans to introduce new collections and increase its sales in the Middle East, Russia and Japan, where the brand already has a growing presence.
- Tweet this
- Share this
- Digg this
- Pro-independence Scots narrow gap to victory ahead of vote - poll
- Kremlin adviser says military strategy to reflect Ukraine crisis, NATO expansion - RIA
- Low-carb diets may beat low-fat options for weight loss, heart health
- Europe drafts emergency energy plan with eye on Russia gas shut-down
- Manchester United top deadline-day big spenders