By  on December 18, 2009

LONDON — Smythson, the luxury stationer and leather goods label, has been acquired by Greenwill SA, the company said Thursday. Greenwill, which is reported to have acquired Smythson for 18 million pounds, or $29 million at current exchange, is the holding company for Tivoli Group, an Italian leather goods manufacturer which supplies accessories to a number of luxury labels. Smythson stated Tivoli Group’s expertise in leather goods “will enable Smythson to develop its fast-growing and expanding leather goods portfolio.”

Smythson also said Tivoli intends to invest in the company “[to] provide the financial support and stability to continue to develop the brand and the business in the long-term.”

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