The Damiani family has taken control of the Venini company, known for its colorful and artistic glass designs, and a leading firm in Murano, the glass production hub in the lagoon of Venice. The acquisition is part of the Damianis’ strategy to invest in and develop historic luxury brands. Financial terms were not disclosed. In addition to its own namesake jewelry label, Damiani has invested in jewelry firms Salvini, Rocca, Calderoni and Pomellato.
Paolo Venini founded Venini in 1921 and worked over the years with artists, architects and designers ranging from Tomaso Buzzi; Tobia Scarpa, and his father Carlo Scarpa; Fernando and Humberto Campana; Ken Scott; Alessandro Mendini; Tadao Ando; Giò Ponti; Gae Aulenti; Ettore Sottsass, and Massimiliano Fuchsias.
Guido Damiani, president of the Damiani group, described Venini as a firm guided by creativity and Italian craftsmanship.
“Venini has been able to count on the local availability of the ancient, exclusive expertise of Murano since its foundation,” Damiani said. “These are the same strong points which have always been a feature of the Damiani group and family, united with the deep passion for the goldsmith’s art, handed down from generation to generation.”
Enrico Grassi Damiani founded the family business in Valenza, Italy, in 1924. The company is now publicly listed on the Milan Stock Exchange.
Giancarlo Chimento, president and partner of Venini, underscored the “common values” with Damiani, whose expertise “will also ensure certain development and growth of the company internationally.” The Chimento and Tabacchi families bought Venini in 2001 and will continue to hold a 40 percent stake. The Chimento family will continue to perform its operational role in the management of the company.
Venini SpA has 80 employees and exports globally, listing Europe, Asia and North America as its main markets. The Venini Museum exhibits 45,000 designs, 6,000 photographs and 4,000 works of art. Venini pieces are exhibited at the Cartier Foundation in Paris, London’s Victoria and Albert Museum, the Museum of Modern Art in New York and the Triennale in Milan.