Monday, September 12th, 2011
Richline International is proud to announce it has signed a letter of intent to acquire the production, designs, intellectual property and distribution rights to the Italian precious metal brand Carniani.
Dennis Ulrich, CEO of Richline, stated “Lucio Carniani will continue to be in charge of the Carniani brand while utilizing the Richline International strengths in manufacturing and distribution. Richline will work to enhance and expand the Carniani collections and expand sales internationally.
He added, “Richline’s continued commitment to a combination of Italian creativity and quality craftsmanship, with the addition of our aggressive marketing, ensures the Carniani brand’s future relevance and success”.
Carniani was founded by Patrizio Carniani in 1978 and immediately Lucio joined the family business and is known for its exclusive, original designs and high quality handcrafted precious metal jewelry. The Carniani manufacturing process has been developed over many years of training and is unique around the world.
Lucio Carniani commented “we look forward to working with the Richline organization and to immediately begin to expand the Carniani brand.
Claudio Gadani, noted, “Carniani compliments well Richline’s current brands and will enable Richline to expand its product offering to clients throughout the world”.
About Richline Group, Inc.
Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. The Richline Group was formed in 2007, initially consisting of the combined operations of Bel-Oro International and Aurafin LLC. Currently, the major brands comprising Richline’s portfolio are Andin, Alarama, Aurafin, Auragem, Bel-Oro, Michael Anthony, Sardelli, Tru-Kay/Barrows and the Richline International group of companies. Finecraft, Farinex, 7AR, Zeno and ERZ.
Berkshire Hathaway, and its subsidiaries, engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services. The Common Stock of the Company is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B.
For more information:
Richline Group, Inc.
PH: (212) 886-6212