Baccarat

Baccarat is a French luxury house and manufacturer of fine crystal located in Baccarat, Meurthe-et-Moselle, France. The company owns two museums: the Musée Baccarat in Baccarat, and the Musée Baccarat in Paris on the Place des États-Unis. Groupe du Louvre was the majority shareholder of the company until 2005. The company was then acquired by Starwood Capital Group, which used the name for a luxury hotel called Baccarat Hotel New York, featuring the company's chandeliers, decorative pieces and glasses. In 2018, Fortune Fountain Capital, a Beijing-based financial group, acquired an 88.8 per cent stake of the company from Starwood Capital Group and L Catterton. On 23 December 2020, four financing funds based in Hong Kong - Tor, Sammasan, Dolphin and Corbin - took control of the capital of Fortune Fountain Limited (FFL), the holding company that held 97% of the shares of Baccarat. History