Strong performance for the Damiani Group

The Damiani Group has closed its fiscal year to 31 March with revenues exceeding the €400 million threshold. This marks a countertrend performance against the current geopolitical backdrop, achieved through a strategy that combines Italian manufacturing excellence with expansion across international markets and the high-end watchmaking segment. The most significant transaction over the 2025–26 period has been the agreement with Richemont for the acquisition of Baume & Mercier. With closing expected this summer, the move broadens the Group’s presence in hard luxury, adding to its portfolio a Swiss maison with nearly two centuries of history. The investment runs alongside the acquisition of Laboratorio Carraro S.r.l. in Valenza, a targeted operation aimed at securing the production know-how and artisanal capabilities underpinning the success of the jewellery division. On the commercial front, the Group has accelerated its retail channel with more than 30 new openings worldwide. South Korea has confirmed its position as a priority market, as demonstrated by the inauguration in Seoul of the “Casa Damiani Seoul” flagship store in the Gangnam luxury district and, through Rocca, the opening of the first boutique dedicated exclusively to the independent Swiss brand H. Moser & Cie. To support the expansion in the Asian market and engage digital audiences, the Group has also leveraged global cultural resonance by appointing I.N, member of K-pop band Stray Kids, as its new global ambassador. Commenting on current performance and the outlook for the coming months, Guido Damiani, Chairman of the Group, stated: “The geopolitical environment is increasingly complex, yet we face the future with determination and confidence. These results demonstrate that our strategies are delivering. We are grateful for the daily commitment of our valued employees, for the trust of those who choose our jewellery, and for the support of all our stakeholders. We will continue to invest with a focus not only on immediate targets, but above all on sustainable growth over time, with future generations in mind”.

Antonella Reina, Editor VO+