Gismondi 1754 Announces Agreement with AlfardanFirst Step Towards the Entry of the Italian Heritage Brand in the Gulf Region
In the wake of its listing on the AIM Italia [Italian Stock Exchange] in December 2019 and investor announcement to further develop its global footprint, Gismondi 1754 recently closed agreements for new retailers and distribution and announces a prestigious partnership agreement with the Alfardan group, one of the most important luxury players in Qatar. Continuing its plan of foreign market penetration and growth.
Gismondi 1754 the historic Genoa-based company that produces high-end jewels, continues its presence at the DJWE international stage where they are showing Essenza, Prato Fiorito, Cascata, DolceVita and one-of-a-kind High Jewelry creations.
Their first collaboration is attendance at "DJWE-Doha Jewelry Watches exhibition", the most important exhibition dedicated to the world of jewelry and watchmaking, in Doha through February 29, 2020.
The engagement with Alfardan in Qatar provides the introduction of Gismondi 1754 in the local markets in GCC and is expected to extend to their entire commercial network of the Alfardan Group. Leaders in the market since its establishment 1952, founder Ibrahim Alfardan, a major pearl dealer in Qatar was also appointed a supplier of jewelry for the Royal House before establishing a multi-national commercial network for luxury watches and high jewelry.
“This agreement of absolute prestige. This represents a further step in our expansion strategy. The high level of creativity and quality of our jewels and the great influence of Alfardan Jewelry in Qatar will allow us to start our presence in the Gulf area, with the concrete prospects of expanding our collaboration with an end goal of extensive growth of the wholesale sector throughout the entire GCC and other new markets". says Massimo Gismondi, CEO Gismondi1754.
After their IPO in December 2019, Gismondi 1754 attended their first VicenzaOro in January 2020. Which was also met with great success for the brand. They presented 6 collections for wholesale distribution and developed important new commercial relationships worldwide. Overall, the Vicenza fair resulted in agreements with 7 new dealers in Montecarlo, Dubai (3), Bucharest, Tirana and Manama Bahrain; as well as expanding their positioning nationally in all top Neiman Marcus doors.
