Fortune Fountain Capital (“FFC”) announced on June 21, 2018 that it has completed the acquisition of 88.8% of the share capital of Baccarat, the internationally renowned French luxury crystal Maison, from affiliates of Starwood Capital Group and L Catterton.
FFC acquired the shares from the Starwood Capital and L Catterton affiliates at a price of €222.7 per share (the "Block Purchase"), for c. €164m. This transaction follows the completion of the Work Council consultation process in France and certain regulatory approvals in the People's Republic of China.
Baccarat is a French luxury brand internationally renowned as a leader in high-end and exclusive crystal products. Since its foundation in 1764, the company, whose artisanal manufacture is based in Baccarat in the Lorraine region of Eastern France, has been synonymous with a unique savoir-faire and has come to symbolize an inimitable French Art de Vivre. For 250 years, the brand has inspired leading designers from across the world. Ranging from iconic lighting to unique tableware and decorative objects, fine jewelry and tailor-made flacons, the brand’s products and tradition of excellence are widely distributed around the globe. Explore the world of Baccarat at www.Baccarat.com.