Kate Hudson, Rachel Zoe Ventures invest in Oscar Massin revival
On the helm of its premiere collection launch, French heritage jeweler Oscar Massin has gained new investors Kate Hudson and Rachel Zoe.
Hudson and Rachel Zoe Ventures’ latest investment vehicle The Access Fund, are joining the LuxImpact team, a new investment firm based in Paris that relaunches historic French labels with a social and sustainable edge, to each take minority stakes in Oscar Massin.
Together, they aim to introduce a new progressive model for Oscar Massin rooted in ethical and sustainable practices, to make it the first heritage luxury brand to use only grown diamonds in the U.S.
Frédéric de Narp, Sandrine de Laage, and Coralie de Fontenay first teamed up under the company LuxImpact, last year. Most recently, Vever, an Art Nouveau pioneer, was relaunched in a joint-venture between Luximpact and the Vever family.
“Investing in companies that share my values is always first and foremost. Oscar Massin has a vision that resonates with me. They have a meaningful purpose and believe in true transparency. I appreciate the integrity of the art, as well as their commitment to an ethically-driven product, and the jewelry is absolutely gorgeous.” said Hudson, who has established herself as an entrepreneur.
Likewise, Zoe has built a wide portfolio of investments in companies that share themes of disruption, sustainability, transparency and creating community.
“The Oscar Massin collection truly resonates with me not only for how extraordinarily beautiful the collection is, but because of their disruptive approach to the world of fine jewelry utilizing carbon neutral diamonds and recycled gold. Most often, the brands that achieve success launch with the mission to evolve their industries and Frederic de Narp, whom I have had the privilege of collaborating with throughout my career, is doing just that. I am beyond excited and honored to join Frederic, and be part of the Oscar Massin journey toward sustainable luxury,” added Zoe.
LuxImpact is reportedly aiming to acquire two more brands this year.
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