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| Company type | Private |
|---|---|
| Industry | Luxury, Crystal |
| Founded | 1764 |
| Headquarters | , |
Area served | Worldwide |
Key people | Margareth “Maggie” Henriquez (CEO) |
| Products | Fine crystal |
| Website | baccarat |
Baccarat (French: [bakaʁa]) is a French luxury house and manufacturer of fine crystal located in Baccarat, Meurthe-et-Moselle, France. The company owns two museums: the Musée Baccarat in Baccarat, and the Musée Baccarat in Paris on the Place des États-Unis.[1]
Groupe du Louvre was the majority shareholder of the company until 2005.[2] The company was then acquired by Starwood Capital Group, which used the name for a luxury hotel called Baccarat Hotel New York, featuring the company's chandeliers, decorative pieces and glasses.[3][4]
In 2018, Fortune Fountain Capital, a Beijing-based financial group, acquired an 88.8 per cent stake of the company from Starwood Capital Group and L Catterton.[5] On 23 December 2020, four financing funds based in Hong Kong - Tor Investment Management, Sammasan, Dolphin and Corbin - took control of the capital of Fortune Fountain Limited (FFL), the holding company that held 97% of the shares of Baccarat.[6]
- ^ "Sites-Baccarat". baccarat.com. Archived from the original on 7 June 2017. Retrieved 18 February 2021.
- ^ Antonovics, Nick (21 January 2007). "Baccarat shareholders split over capital increase". Reuters.
- ^ Hudson, Craig Karmin And Kris (24 April 2012). "Starwood's Crystal Vision". Wall Street Journal. ISSN 0099-9660. Retrieved 18 February 2021.
- ^ Faurote, Adrienne (7 December 2021). "The Best Luxury Hotels in Manhattan This Holiday Season". Haute Living.
- ^ Mira, Nicola (20 October 2017). "Baccarat bought by Chinese investment fund Fortune Fountain Capital". Fashion Network.
- ^ "Funds take over glassmaker Baccarat from Chinese owners". Reuters. 29 December 2020.