Don’t miss the latest developments in business and finance.

Renaissance Global acquires assets of US-based jewellery maker - Four Mine Inc

Image
Capital Market
Last Updated : Feb 24 2022 | 3:04 PM IST
Renaissance Global has acquired the assets of Four Mine Inc. through its wholly owned subsidiary Renaissance FMI Inc for consideration of USD 5 million. The Company intends to fund the investment through cash on the balance sheet. Four Mine Inc. specializes in the sale of branded lab grown diamond engagement rings and this transaction will give Renaissance a strong foothold in this space, apart from improving the operating margin of the business through supply chain efficiencies.

Powered by Capital Market - Live News

Also Read

First Published: Feb 24 2022 | 2:48 PM IST

Next Story