BUCCELLATI EYEING CLESSIDRA: Following a speculative report in Italy’s weekly magazine Il Mondo on Friday, Milan-based private equity firm Clessidra SGR SpA confirmed it is in talks with Buccellati Group to acquire a stake in the high-end fine jeweler and watchmaker. While a Clessidra spokesman did not provide any details on the negotiation, he highlighted that the talks are still at an initial stage. Buccellati declined to comment.
Buccellati, Clessidra in Talks Over Stake
The private equity group may acquire a stake in the high-end fine jeweler and watchmaker.