TORONTO – December 14, 2018 – 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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