Naga Group Takes a Controlling Stake in Jewelry Brand Tamara ComolliThis is the second investment from the new group, which is looking to partner with creative entrepreneurs.

[Collection]LONDON — The Hong Kong-based Naga Group is rapidly building a stable of high-end consumer names, with its latest purchase the German fine jewelry brand Tamara Comolli, known for its colored gemstones, organic shapes and collectible jewels. An announcement is expected on Friday. Founder and creative director Tamara Comolli, who opened the brand’s first store in Southampton, N.Y., in 2008, and who sells through 17 Neiman Marcus units, will remain with the company and work alongside Naga founder and chief executive officer Damien Dernoncourt. Tamara Comolli  Courtesy Photo Although the terms of the deal were not disclosed, Naga confirmed it has taken a controlling stake in the brand, which has annual revenues of 20 million euros. Founded in 1992, Tamara Comolli is based in Munich, with U.S. offices in Palm Beach, Fla., and seven boutiques in luxury resort towns including Marbella, Spain, and Sylt, Germany. It plans to open soon in the Tuscan beach resort of Forte dei Marmi. Headquartered on the banks of Lake Tegernsee, Germany, the brand also has more than 120 points of sales globally. In a joint telephone interview with Comolli, Dernoncourt said the new investment will give the brand resources and operational support necessary to scale its core retail business in Europe and the

Follow WWD on Twitter or become a fan on Facebook.

Read More...http://wwd.com/business-news/mergers-acquisitions/naga-group-takes-a-controlling-stake-in-jewelry-brand-tamara-comolli-1202664847/