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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