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Buccellati, Clessidra in Talks Over Stake

The private equity group may acquire a stake in the high-end fine jeweler and watchmaker.

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BUCCELLATI EYEING CLESSIDRA: Following a speculative report in Italy’s weekly magazine Il Mondo on Friday, Milan-based private equity firm Clessidra SGR SpA confirmed it is in talks with Buccellati Group to acquire a stake in the high-end fine jeweler and watchmaker. While a Clessidra spokesman did not provide any details on the negotiation, he highlighted that the talks are still at an initial stage. Buccellati declined to comment.