Company Website:
https://mene.com/
TORONTO -- (Business Wire)
Menē Inc. (TSX-V:MENE) (OTC:MENEF) (“Menē” or the “Company”), an online
24 karat jewelry brand, today announced its appointment of Savigny
Partners LLP as strategic financial advisors.
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 Menē CEO Roy Sebag. “While Menē 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 transactions, and we are fortunate to benefit from their experience
as we navigate these important early years.”
“We look forward to working with the Menē 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 - online experience, Menē is committed to the
level of transparency now demanded by consumers,” said Ludovic
Grandchamp. “Menē 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 jewelry industry.”
About Menē Inc.
Menē crafts pure 24 karat gold and platinum jewelry that is
transparently sold by gram weight. Through mene.com, customers may buy
jewelry, monitor the value of their collection over time, and sell or
exchange their pieces by gram weight at prevailing market prices. Menē
was founded by Roy Sebag and Diana Widmaier-Picasso with a mission to
restore the relationship between jewelry and savings. Menē empowers
consumers by marrying innovative technology, timeless design, and pure
precious metals to create pieces which endure as a store of value.
For more information about Menē, visit mene.com.
About Savigny Partners LLP
Savigny Partners is a mergers & acquisitions advisory firm specialized
in luxury and premium brands based in London. The company was founded in
2005 by Pierre Mallevays, after heading the M&A team at LVMH. Ludovic
Grandchamp joined in 2015 from a French family office, Sofinavi. The
firm and its partners have advised numerous prestigious brands such as
Benefit Cosmetics, Delvaux, Le Labo, Tom Dixon and LVMH.
For more information about Savigny Partners, visit savignypartners.com
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View source version on businesswire.com: https://www.businesswire.com/news/home/20181214005009/en/
Contacts:
Renee Wei
+1 647 494 0296
ir@mene.com
Jacquelyn Humphrey
Chief Operating Officer
Menē Inc.
jac@mene.com
Source: Menē Inc.
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