Daniel Vecht, an employee for 20 years, confirms buyout of LPC.
A statement this afternoon has confirmed that there has been a management buyout of the European business of the London Pearl Company.
Harry Kalati has sold his business to former employee Daniel Vecht who has assumed control of the new business from October 1.
Speaking to Professional Jeweller, Vecht said: “I have just taken the plunge and bought the company after working there for 20 years.”
The new company – London Pearl (London) Limited – will continue working with all its current customers and suppliers and will be operating from its current offices in Pearl house in Bushey.
All of the current staff have decided to continue working for the new company.
The company will be exhibiting as before in all the Vicenza shows and will have a large new collection to offer in the coming January Vicenza show.