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Created page with "Investcorp is a global equity form founded in 1982. In the 1980s and 1990s, it owned all or part of Breguet, Chaumet, Ebel, Nouvelle Lemania, and Tiffany, attempted to re-start Jaquet-Droz, and also Saks Fifth Avenue and Gucci. Investcorp was one of the primary watch and luxury groups in the 1980s and 1990s. ==History== Investcorp was set up in Bahrain by Nemir Kirdan of Iraq. Its aim was to invest Middle Eastern wealth in Western concerns, e..." |
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Investcorp was set up in Bahrain by Nemir Kirdan of Iraq. Its aim was to invest Middle Eastern wealth in Western concerns, especially luxury brands. | Investcorp was set up in Bahrain by Nemir Kirdan of Iraq. Its aim was to invest Middle Eastern wealth in Western concerns, especially luxury brands. | ||
1984 - [[Tiffany]] is acquired for $95 million | * [[1984]] - [[Tiffany]] is acquired for $95 million | ||
1987 - [[Breguet]] is acquired from Chaumet | * [[1987]] - [[Breguet]] is acquired from Chaumet | ||
1987 - [[Tiffany]] is floated as a public company | * [[1987]] - [[Tiffany]] is floated as a public company | ||
1987 - [[Chaumet]] is purchased out of bankruptcy due to fraud by the Chaumet brothers | * [[1987]] - [[Chaumet]] is purchased out of bankruptcy due to fraud by the Chaumet brothers | ||
1990 - Saks Fifth Avenue is acquired for $1.3 billion | * [[1990]] - Saks Fifth Avenue is acquired for $1.3 billion | ||
1992 - [[Nouvelle Lemania]] is acquired | * [[1992]] - [[Nouvelle Lemania]] is acquired | ||
1988 - Half of Gucci is acquired | * [[1988]] - Half of Gucci is acquired | ||
1993 - The remainder of Gucci is acquired | * [[1993]] - The remainder of Gucci is acquired | ||
1994 - [[Ebel]] is acquired from its founding family | * [[1994]] - [[Ebel]] is acquired from its founding family | ||
1994 - Dramatic and successful public license renewal for Gucci | * [[1994]] - Dramatic and successful public license renewal for Gucci | ||
1995 - 48.2% of Gucci is listed on the New York Stock Exchange | * [[1995]] - 48.2% of Gucci is listed on the New York Stock Exchange | ||
1996 - The remainder of Gucci is listed as a public stock, with Investcorp liquidating its holding the following year | * [[1996]] - The remainder of Gucci is listed as a public stock, with Investcorp liquidating its holding the following year | ||
1999 - [[Breguet]] and [[Nouvelle Lemania]] is sold to [[Swatch Group]] for a reported 250 million francs after [[Nicolas G. Hayek]] rejects buying Ebel and Chaumet as well | * [[1999]] - [[Breguet]] and [[Nouvelle Lemania]] is sold to [[Swatch Group]] for a reported 250 million francs after [[Nicolas G. Hayek]] rejects buying Ebel and Chaumet as well | ||
1999 - [[Ebel]] and [[Chaumet]] are sold to [[LVMH]] for $460 million | * [[1999]] - [[Ebel]] and [[Chaumet]] are sold to [[LVMH]] for $460 million | ||
[[Category:Investcorp]] | [[Category:Investcorp]] | ||
Revision as of 04:02, 19 January 2024
Investcorp is a global equity form founded in 1982. In the 1980s and 1990s, it owned all or part of Breguet, Chaumet, Ebel, Nouvelle Lemania, and Tiffany, attempted to re-start Jaquet-Droz, and also Saks Fifth Avenue and Gucci. Investcorp was one of the primary watch and luxury groups in the 1980s and 1990s.
History
Investcorp was set up in Bahrain by Nemir Kirdan of Iraq. Its aim was to invest Middle Eastern wealth in Western concerns, especially luxury brands.
- 1984 - Tiffany is acquired for $95 million
- 1987 - Breguet is acquired from Chaumet
- 1987 - Tiffany is floated as a public company
- 1987 - Chaumet is purchased out of bankruptcy due to fraud by the Chaumet brothers
- 1990 - Saks Fifth Avenue is acquired for $1.3 billion
- 1992 - Nouvelle Lemania is acquired
- 1988 - Half of Gucci is acquired
- 1993 - The remainder of Gucci is acquired
- 1994 - Ebel is acquired from its founding family
- 1994 - Dramatic and successful public license renewal for Gucci
- 1995 - 48.2% of Gucci is listed on the New York Stock Exchange
- 1996 - The remainder of Gucci is listed as a public stock, with Investcorp liquidating its holding the following year
- 1999 - Breguet and Nouvelle Lemania is sold to Swatch Group for a reported 250 million francs after Nicolas G. Hayek rejects buying Ebel and Chaumet as well
- 1999 - Ebel and Chaumet are sold to LVMH for $460 million