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    Swiss accessories group Riri announces acquisition of Amom

    18
    Jun '21
    Pic: Riri Group
    Pic: Riri Group
    Riri Group, a Swiss manufacturer of zippers and buttons, has completed the acquisition of Tuscan firm Amom. According to the Riri, this merger leads to the consolidation of the group’s position in the luxury accessory sector, which represents a significant add-on to develop new skills and production with an extended offer now including bijoux.
     
    “The journey towards the creation of a single centre of excellence involved in designing, developing and manufacturing high fashion accessories has taken another step forward,” the group stated in a press release. With Amom joining the group, Riri’s growth strategy has achieved another major goal: a comprehensive range of products now embracing zippers, buttons, metal components and bijoux.
     
    “We are delighted to welcome Amom within the Riri family. This new acquisition is part of the corporate strategy aiming at increasing our size, range of products and technical skills that are necessary to respond promptly to the market needs, ensuring top quality standards in line with Amom’s manufacturing and handcraft tradition, priceless heritage of the Made in Italy. The joint offer will be extremely versatile and will allow our customers to benefit from unique innovation skills,” Renato Usoni, CEO of Riri Group, said in the release. 
     
    “We are very proud to write, together with Riri, a new chapter of our story” Carlo Veneri, CEO of Amom said. “Integration has allowed us to join an international Group with a longstanding presence and consolidated market position, as well as a management vision oriented to growth and continuous improvement. From the start, our partnership with Riri was built on shared values: constant attention to customers’ needs, utmost care for details, innovation and research as driving factors for development and due consideration for ethics and sustainability throughout the supply chain.”
     
    Amom, based in Badia al Pino in the province of Arezzo, at the heart of the Tuscan high-fashion district, has manufactured for over 60 years metal trimmings, fashion jewellery and accessories for the shoes, leather and clothes sector. The company can perform most of the machining work inhouse, including die-casting, moulding, cutting, welding, laser cutting, enamelling, painting and electroplating. 
     
    The addition of Amom to Riri Group allows for a broader offer of new materials: besides zamak, brass, steel and aluminium, the group’s range now includes silver, bronze, wood, precious and plastic materials.
     
    Fineurop Soditic acted as exclusive financial advisor to the Riri Group.

    Fibre2Fashion News Desk (JL)


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