1. News
May 9, 2018

Naga Group to acquire majority stake in German luxury retailer

Hong Kong-based holdings company Naga Group is set to acquire a majority stake in German luxury jewellery retailer Tamara Comolli Fine Jewellery for an undisclosed amount.

Hong Kong-based holdings company Naga Group is set to acquire a majority stake in German luxury jewellery retailer Tamara Comolli Fine Jewellery for an undisclosed amount.

The decision is part of the luxury retailer’s plans to expand its business and achieve growth globally.

Established in 1992, Tamara Comolli currently operates seven boutiques and approximately 120 points of sale outlets in Europe and the US. It is known for its distinctive design couples with a philosophy attuned to the spirit of times and for its exceptional ‘Color Stories’ in precious stones.

"As an investor, we have uncovered a rare gem in Tamara Comolli."

Naga Group founder and CEO Damien Dernoncourt said: “As an investor, we have uncovered a rare gem in Tamara Comolli.

“She has proved the potential of her brand and the Tamara Comolli Collection on the international stage, not only in Europe but also in the US. Tamara Comolli is one of the most impressive entrepreneurs I have met in the jewellery business.”

The luxury retailer manufactures its jewellery in a goldsmith’s studio in Rottach-Egern, Germany and a factory in Milan, Italy.

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The company’s luxury jewellery collection is currently available at its seven locations, including Rottach-Egern am Tegernsee, Munich, Kampen on Sylt, Marbella, Hamptons and Palm Beach.

Tamara Comolli Fine Jewellery creative director and executive chairwoman Tamara Comolli said: “Now we can take the next step in the growth of our brand with a partner by our side who is experienced in our sector and financially strong.

“We will target the world’s great pulsating cities, luxury resorts with flair with a strong focus on the US.

“Damien Dernoncourt and his team of professionals can make a significant contribution to this process with their expertise in the jewellery business and knowledge of the markets gained with their work for John Hardy.”

Naga Group specialises in investing and developing in luxury and lifestyle brands, such as Tamara Comolli and Talika Cosmetics.