The accessories cluster promoted by fund White Bridge Investments acquired CDC Luxury Chains. The latter (Tuscan) is active in the production of ornamental chains for luxury goods sold by fashion brands. CDC becomes part of a conglomerate that already includes Lampa, Obi, Forza Giovane, Conti e Vannelli, Gruppo PF. Mergers along the accessories’ segment continue, with the objective of strengthening and create synergies among manufacturers.
Mergers in the accessories segment continue
CDC Luxury Chains becomes a part of the consolidation process promoted by White Bridge Investments. CDC, founded in 1955 in Campi Bisenzio (Florence), owns three production sites and, according to data published by BeBeez, closed 2021 with a revenue of 14 million euro. The project by White Bridge Investments has widened the operational arm of the entity that now spaces from accessories in metal and plastic, the application of sartorial embroideries, and, with this last operation, the production of ornamental chains. CDC will continue to be guided by Chiara Pezzatini, Andrea Pezzatini and Beatrice Parenti, that in term will make reinvestments in the group. The closing of operations is forecasted for March 2023.
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“The entrance of CDC of the group represents an additional step towards the creation of an integrated player capable of supplying accessories to luxury brands”, commented Marco Pinciroli, CEO of White Bridge Investments. The goal? “To better satisfy the needs of the international fashion companies”. Andrea Pezzatini, president of the BoD of CDC explains that “by becoming a part of this initiative, we will be able to generate even more value, thus being able to express all of CDC’s potential”.
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