In Asia and Australia, Marie Claire is a leading brand in fashion, beauty and home décor generating over USD $350 million at retail each year.
Michael Schwartz, Richline Brands’ EVP of Sales, noted that “the strength and recognition of the Marie Claire brand, with the key demographic being fashion conscious professional women, is ideal for our national brand strategy”. “The creation of a fun, fashion collection, inspired by French romance, is an opportunity that our design and marketing teams have dreamt of” said Ramona Genao-Archibald, Richline Brands’ EVP of Merchandising.
PrivateCollection & Co. is a brand architecture company focused on brand management, licensing, distribution and development of vertical retail operations.
“We’re happy to welcome Richline Group, a Berkshire Hathaway company, as a Marie Claire licensee. Richline is known for creating beautiful and high quality jewelry collections and its history of success as a leader in the jewelry industry made the company a perfect partner for the brand,” said Elena Baronoff, Chairman of PrivateCollection & Co. “We look forward to working with them and continuing Marie Claire’s success in the U.S. market.”
About Richline Group, Inc.
Richline Brands, a strategic business unit of Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Marketer and Distributor. The Richline Group was formed in 2007. The Common Stock of the Company is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B. Berkshire Hathaway, and its subsidiaries, engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services.
About PrivateCollection & Co.
Incorporated in 2010 and officially launched to the public in 2013 with offices in Florida and Paris, PrivateCollection & Co. is a brand architecture company focusing on brand management, licensing, distribution and development of vertical retail operations for brands with untapped potential for global expansion.