Renaissance Global’s step down subsidiary-- Renaissance Jewellery Middle East FZCO is planning to make a strategic investment in branded jewellery player Naman Trading FZC (Naman).
This investment provides the company an entry into the branded jewellery market in the Middle East. As a part of the arrangement, the company will also provide Naman strategic merchandising and design support and optimize its supply chain to enhance its margins and boost sales growth. A Share Purchase Agreement (SPA) has been signed with Naman Trading FZC. The said acquisition will be completed within a period of 24 months.
Renaissance Global has been creating incredible jewellery designs for marquee clients across the globe. Renaissance Global is a highly differentiated luxury lifestyle products company.