Milan, November 14 2019 – Morellato Group acquirses French jewelery leader CLEOR.
Morellato Group announces its acquisition of the CLEOR retail chain, one of France’s biggest players in prêt-à-porter jewellery.
The CLEOR Group – a turnover of 80 million euros in 2019 and 800 employees – boasts 140 boutiques in key malls found in France’s biggest shopping destinations, and offers both products and services of a high standard.
With this acquisition, Morellato Group has made more headway in its international expansion project. Launched in 2018, the strategy has already seen the acquisition of Rome-based online business Kronoshop, and French wholesaler Mister Watch.
“This project pitches our Group’s turnover over the 270 million Euro. The forecast for 2020 is approaching 300 million Euro, with over 60% generated by foreign markets”, states Massimo Carraro, President of Morellato Group.