Mirabaud AM takes a stake in jeweller Mauboussin

Patrimoine Vivant, Mirabaud's private equity vehicle focused on 'living heritage' companies, has taken a stake in Parisian jeweller Mauboussin, alongside the Galeries Lafayette group, which will become the majority shareholder, and Alain Némarq, a major shareholder who has led the company since 2002. Mauboussin was founded in 1827, and been led by successive generations of the founding Mauboussin family. Current CEO Alain Némarq expanded the business, which is said to fit well the objectives of Mirabaud's investments in classic French and European luxury businesses. Approval of the inves...