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IGI to Acquire American Gemological Laboratories IGI is buying the colored gemstone grading laboratory through IGI USA, and AGL will continue to operate as its own brand.
MajorsMay 11, 2014
Chopard enters hotel business in Paris
Chopard announced Friday that it has purchased Union Hôtelière Parisienne, the company that owns the luxury five-star Hôtel de Vendôme in Paris.
Chopard has a total of seven boutiques in France, which “represents a significant market for the brand,” the company said. One boutique is located at the Hôtel de Vendôme, which Chopard just purchased.
Paris--Chopard announced Friday that it has purchased Union Hôtelière Parisienne, the company that owns the luxury five-star Hôtel de Vendôme in Paris.
The Hôtel de Vendôme is located at 1 Place Vendôme, a world-famous square that is known for its shopping, hotels and jewelry and watch stores, including Boucheron, Mauboussin, Van Cleef & Arpels and Bulgari, among others.
Chopard’s flagship boutique has been located on the ground floor of the Hôtel de Vendôme for a decade. The 29-room hotel was built in 1723.
The Geneva-based watch and jewelry brand said it is planning future investments.
“The restaurant, on the first floor, enjoys a very good reputation, and possibilities of synergies between the two worlds are numerous,” Chopard said.
Chopard remains a standalone company in a time when many jewelry and watch brands are part of larger companies that own a number of brands.
For example, Kering (formerly PPR) owns Boucheron, Girard-Perregaux, JeanRichard and Pomellato, while LVMH Moët Hennessey Louis Vuitton includes Bulgari, Zenith, TAG Heuer and Hublot.
RELATED CONTENT: Brand co. buys Judith Ripka in $22M deal
In addition, the Judith Ripka brand recently was sold to Xcel Brands Inc., a New York-based brand management company that also owns Liz Claiborne New York and Isaac Mizrahi New York.
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