CIRCLING: Stroili Oro, an Italian chain of affordable gold and silver watches, jewelry and accessories, is quietly creating a buzz on the financial circuit.
A published report in Thursday’s Corriere della Sera said private equity firms Clessidra SGR SpA, Emerisque and VTB Capital are among a pool of investors interested in acquiring the jeweler, although the decision to sell rests with its current majority shareholders Investindustrial and L-Capital, which own 31 percent and 20 percent of Stroili, respectively.
Clessidra SGR bought a majority stake in luxury jeweler Buccellati Group in 2013, while the same year Emerisque picked up MCS We the People brand, formerly known as Marlboro Classics. Moscow-based VTB Capital has a joint venture agreement with Burger King Russia and is a major investor in the World Class fitness chain.
A spokesman for Stroili said both the company and its shareholders declined to comment.