Gitanjali Gems, an Indian jewellery manufacturer and exporter is pursuing its interest in buying a U.S.-based jewellery retailer. The deal is expected to be worth $100 million and would be concluded within two months, according to an Economic times report.$$
What has been ascertained so far about the profile of the U.S. retailers is that it is a leading name amongst American jewellery retailers with over 100 outlets.
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This would be another of Gitanjali’s foray in the American retail jewellery market, as it a 97% stake in US-based retailer Samuels Jewelers Inc. , last December, for Rs.100 crore ($25.4 million). However, Gitanjali has declined any such inetnts to purchse any Amrican retailers for $100 million.
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