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Daum Crystal Acquired, Added to Luxury Group

By Staff -- Gifts and Dec, 5/18/2009 9:12:00 PM

New York—Luxury brand Daum Crystal has been acquired by Financiere Saint-Germain, and will be added to a group of complementary luxury brands that will generate an estimated $100 million in sales. Other name brands in the group include Haviland porcelain, Royals de Champagne crystal and approximately half of Lalique crystal.

Financiere Saint-Germain is controlled by the family of Prosper Amouyal, who affirmed a commitment to maintaining production in France, “I am convinced that luxury requires French manufacture, with savoir-faire that marries tradition and innovation. Every factory has its own expertise and craftsmen of great quality. We must now build a distribution network that offers all of the group's brands in one place."

Daum president Sophie Le Tanneur will continue to run Daum.

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UPDATE: Lalique Partners with Daum

Aug 25, 2009

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