THOM Group and RENAISSANCE LUXURY GROUP, via its subsidiary ALTESSE, are honored to have been appointed, on February 26, 2021, by the Bobigny Commercial Court for the takeover of the jewellery brand AGATHA
Back under the French flag, the two partners wish to give back to this emblematic brand of French jewellery, all its superb and its influence in France and internationally:
“We have always considered AGATHA as the most beautiful brand of French jewellery and it is a great honor for us to be able to restore it to its former success. AGATHA represents perfectly the French and Parisian singularity: audacity, style, and spontaneity.
We are convinced that, by working as a team, we will make again AGATHA a leader brand on its market thanks to distribution networks that need to become powerful again.” Underline Eric Lefranc and Romain Peninque.
Eric Lefranc, President of Renaissance Luxury Group, will be the president and lead the new AGATHA company and Romain Peninque, President of THOM, will be the chairman of the supervisory board. They will be both personally implied in AGATHA’s renewal and will share with AGATHA the expertise of their respective groups.
A strong ambition to make AGATHA shine again
The recovery plan will be based on 4 priority levers:
- Embrace a resolutely French DNA
- Develop a strong distribution network, finding the right balance between directly operated outlets (stores or corners) and independent jewellers
- Ensure a strong online footprint, in terms of communication as well as distribution via its e-commerce website
- Ensure an international development of the brand (in Europe and in Asia)
THOM is the European leader in Jewellery & Watches and is present in France and Benelux (Histoire d’Or, Marc-Orian), in Italy (Stroili), in Germany (Oro Vivo). THOM operates more than 1,000 stores in Europe, employing c. 5,000 people in Europe.
First French jewellery producer, ALTESSE designs all its collections and manufactures more than two third of its jewellery collections in its workshops in Ardèche, employing more than 200 high qualified employees. The group markets its own brands, “Les Georgettes” and “Saunier”, in France via a network of 45 corners in Galeries Lafayettes and Printemps, 8 stores and kiosks, 1,000 jewellers-resellers, and via its e-commerce websites.
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Any offer of the Notes in any member state of the European Economic Area (“EEA”) will be made pursuant to an exemption under Regulation (EU) 2017/1129 (the “Prospectus Regulation”) from the requirement to publish a prospectus for offers of securities. This announcement is not a prospectus for the purposes of the Prospectus Regulation and any relevant implementing measure in each member state of the EEA. No key information document required by Regulation (EU) No. 1286/2014 (the “PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been or will be prepared and, therefore, offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
In connection with the issuance of the Notes, one of the initial purchasers will serve as stabilizing manager and may over-allot the Notes or effect transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail. However, there is no assurance that the stabilizing manager (or persons acting on behalf of the stabilizing manager) will undertake stabilization actions. Any stabilization action may begin on or after the date on which adequate public disclosure of the terms of the offer of the Notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the Notes and 60 days after the date of the allotment of the Notes. Any stabilization action or over-allotment must be conducted in accordance with all applicable laws and rules.
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