By  on October 30, 2012

PARIS — French jeweler Arthus-Bertrand has sold a 45 percent stake in its capital to the Guerrand-Hermès family, part of the family group that owns Hermès International, for an undisclosed sum, a spokeswoman for the firm said Tuesday.

The group has named Gil Piette chief executive officer, making him the first non-family member to occupy the post. He succeeds Nicolas Arthus-Bertrand, 68.

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