07:48:34 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Mene Inc
Symbol MENE
Shares Issued 122,781,923
Close 2018-12-13 C$ 0.62
Market Cap C$ 76,124,792
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Mene appoints Savigny as financial adviser

2018-12-14 08:22 ET - News Release

Mr. Roy Sebag reports

MENE INC. APPOINTS SAVIGNY PARTNERS AS FINANCIAL ADVISORS

Mene Inc. has appointed Savigny Partners LLP as strategic financial adviser.

London-based Savigny Partners LLP, a financial advisory firm that specializes in luxury and premium brands, will advise on defining long-term financial and strategic objectives, brand positioning, and potential future partnerships.

"We are honoured to have partnered with Savigny Partners LLP, one of the leading luxury and fashion investment advisory firms in the world, and are especially pleased to have Ludovic Grandchamp join the company's advisory board," said Mene chief executive officer Roy Sebag. "While Mene is witnessing accelerated growth and consumer adoption, it is important to balance our entrepreneurial spirit by collaborating with partners who understand the long-term outlook required when building a luxury brand. Ludovic and the rest of the Savigny Partners team have been involved in industry-leading M&A (mergers and acquisitions) transactions, and we are fortunate to benefit from their experience as we navigate these important early years."

"We look forward to working with the Mene team and are impressed by Roy Sebag's entrepreneurial achievements as well as Diana Widmaier-Picasso's brand vision. In addition to offering impeccable style and a playful -- yet deeply informative -- on-line experience, Mene is committed to the level of transparency now demanded by consumers," said Mr. Grandchamp. "Mene has a great track record of meaningfully communicating with its growing customer base through an agile use of digital tools. With sales exceeding $7-million after only 11 months since launch and already over 10,000 direct-to-consumer orders, the firm is poised to disrupt the $200-billion jewellery industry."

About Mene Inc.

Mene crafts pure 24-karat gold and platinum jewellery that is transparently sold by gram weight. Through its website, customers may buy jewellery, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices.

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