Bureau Veritas strengthens its positioning in luxury and fashion through the acquisition of LBS Group
03 Dicembre 2024 - 7:30AM
UK Regulatory
Bureau Veritas strengthens its positioning in luxury and fashion
through the acquisition of LBS Group
PRESS RELEASE
Paris – December 3rd, 2024
Bureau Veritas strengthens its
positioning in luxury and fashion through the acquisition of LBS
Group
Bureau Veritas, a
global leader in
Testing,
Inspection, and
Certification services,
announces the acquisition of LBS
Luxury Brands Services S.R.L.
Group, a leader
in quality assurance and quality control in the luxury
industry. This
acquisition is in
line with Bureau
Veritas’ LEAP | 28 strategy
to strengthen its positioning and
offering in the
luxury and
fashion
industries while
reinforcing its
supply
chain
solutions as well as its
presence in the Italian
market.
The acquisition of LBS Group marks a milestone
for Bureau Veritas' Consumer Products Services division, as it
strengthens its presence in upstream services, augmenting its
capacity to deliver supply chain quality and sustainability
services. It is a key move that adds new expertise to Bureau
Veritas portfolio in the accessories segment and establishes the
Group as a premier end-to-end service provider for high-end fashion
brands.
Since its establishment in 2013, LBS Group has
become a strategic partner for top premium and luxury brands. The
Company provides both laboratory and upstream supply chain quality
management services, with recognized expertise in the accessories
metal hardware segment as well as in raw material and finished
products. Known for its innovative sustainability solutions, LBS
optimizes quality and eliminates finished product defects through
process improvements at its clients’ production sites. The company,
headquartered in Italy, delivered revenues of €8.8 million in 2023
through its network of over 100 specialists located near production
hubs in Europe.
Hinda Gharbi, Chief Executive
Officer of Bureau Veritas, commented: “M&A is
an essential component of Bureau Veritas’ LEAP | 28 strategy. With
the acquisition of LBS Group, Bureau Veritas has closed 10
acquisitions since the beginning of the year. LBS Group’s
capabilities in quality assurance strengthen our presence in
upstream services for the luxury sector. It positions Bureau
Veritas as a preferred partner in the luxury industry assurance
market for the world's leading brands. I am delighted to welcome
all our new colleagues from LBS Group to Bureau Veritas.”
Luca Cartocci, LBS Group CEO and
Founder, added: "All our team members are honored
to join Bureau Veritas’ global network, which is well positioned
for growth into the luxury segment with huge market potential to
expand our unique and innovative solutions as well as our shared
values of integrity and high level of service delivery. Joining
forces with Bureau Veritas will create a global integrated platform
experience that can flexibly and expertly assist the fashion
industry in the Premium and Luxury segments in corporate
compliance, global market access, supply chain compliance,
production quality assurance and quality control, as well as
solutions and consulting on process and product
sustainability.”
***
About Bureau Veritas
Bureau Veritas is a world leader in inspection, certification, and
laboratory testing services with a powerful purpose: to shape a
world of trust by ensuring responsible progress.
With a vision to be the preferred partner for its customers’
excellence and sustainability, the company innovates to help them
navigate change.
Created in 1828, Bureau Veritas’ 83,000 employees deliver services
in 140 countries. The company’s technical experts support customers
to address challenges in quality, health and safety, environmental
protection, and sustainability.
Bureau Veritas is listed on Euronext Paris and belongs to the CAC
40 ESG, CAC Next 20, SBF 120 indices and is part of the CAC SBT
1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol:
BVI.
For more information, visit www.bureauveritas.com, and follow us on
LinkedIn.
About LBS Luxury Brands Services S.R.L.
Group
LBS is a laboratory specializing in quality control for products in
the fashion industry, from leather goods to footwear. It stands out
from the competition, providing clients with qualitative and
procedural expertise in test results. LBS uses state-of-the-art
instrumentation to perform chemical and toxicological analysis on
product materials, assessing the impact on the environment and
consumer health, and conducts physical-mechanical tests to evaluate
product performance. LBS was founded in 2013 with the need to make
tertiary some industrial experiences in the field of quality
related to the world of leather goods, footwear and bijoux, with
specific references to the metal accessory.
For more information, visit https://luxurybrandservices.it/ and
follow us on Linkedin.
- 2024 12 03 - Press Release - Bureau Veritas acquires LBS Luxury
Brand Services S.R.L. Group
Grafico Azioni Bureau Veritas (EU:BVI)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Bureau Veritas (EU:BVI)
Storico
Da Dic 2023 a Dic 2024
