Bureau Veritas: Luxury and Fashion Acquisition Enhances Market Position

Bureau Veritas, a global leader in Testing, Inspection, and Certification services, has strengthened its position in the luxury and fashion industries with the acquisition of LBS Luxury Brands Services S.R.L. Group. This strategic move aligns with Bureau Veritas' LEAP | 28 strategy, aiming to bolster its offerings in these sectors while reinforcing its supply chain solutions and presence in the Italian market.

LBS Group, a specialist in quality assurance and quality control for luxury brands, brings a wealth of expertise to Bureau Veritas' portfolio, particularly in the accessories segment. With its recognized capabilities in metal hardware, raw materials, and finished products, LBS optimizes quality and eliminates product defects through process improvements at clients' production sites. The company, headquartered in Italy, generated revenues of €8.8 million in 2023 through its network of over 100 specialists located near production hubs in Europe.

The acquisition of LBS Group marks a significant milestone for Bureau Veritas' Consumer Products Services division. Hinda Gharbi, CEO of Bureau Veritas, commented on the acquisition, stating, "M&A is an essential component of Bureau Veritas' LEAP | 28 strategy. With the acquisition of LBS Group, Bureau Veritas has closed 10 acquisitions since the beginning of the year. LBS Group's capabilities in quality assurance strengthen our presence in upstream services for the luxury sector. It positions Bureau Veritas as a preferred partner in the luxury industry assurance market for the world's leading brands." Luca Cartocci, LBS Group's CEO and Founder, added, "All our team members are honored to join Bureau Veritas' global network, which is well positioned for growth into the luxury segment with huge market potential to expand our unique and innovative solutions as well as our shared values of integrity and high level of service delivery."

With this acquisition, Bureau Veritas expands its end-to-end service offerings for luxury and fashion brands, focusing on upstream services, accessories segment expertise, and sustainability solutions. The combined company aims to deliver supply chain quality, sustainability services, and innovative solutions tailored to the evolving demands of the luxury and fashion industries. By leveraging LBS' recognized expertise in accessories metal hardware, raw material, and finished products, Bureau Veritas will strengthen its position as a preferred partner for high-end fashion brands. Additionally, LBS' commitment to sustainability through process improvements at clients' production sites aligns with Bureau Veritas' vision of ensuring responsible progress, addressing the growing importance of ESG factors in the luxury and fashion sectors.



In conclusion, the acquisition of LBS Group by Bureau Veritas is a strategic move that enhances the company's capabilities in the luxury and fashion sectors. With a combined expertise in quality assurance, sustainability, and global market access, the new entity is well-positioned to become a preferred partner for leading luxury and fashion brands, driving growth and innovation in the industry. As consumer demand for sustainable practices continues to grow, the acquisition of LBS Group enables Bureau Veritas to better serve its clients and reinforce its commitment to responsible progress.