10-13-2007, 10:37 PM
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 | The Russophile | | Join Date: Mar 2007
Posts: 468
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| Faberge Family Back in Egg Business
While searching for links on the Rothschild Faberge egg recently discovered, I noticed that the Faberge family is back in the egg business... Quote:
The Faberge family, which started making luxury goods in 19th-century tsarist Russia and were displaced by the Bolshevik Revolution, are back in business.
Faberge Ltd., which bought the brand name from Unilever in January, appointed Tatiana and Sarah Faberge to its supervisory council, the Cayman Islands-based company said in a statement. They are great-great-granddaughters of the House of Faberge founder Gustav Faberge and will oversee product development for the new business.
| This article gives a little more detail of how the Faberge brand fell apart after the revolution and ended up being used on cheap perfume. Quote:
The original Faberge family was scattered by the Bolshevik revolution in 1917, but Gustav's grandsons who established a new Faberge firm in Paris discovered after World War II that a U.S. businessman was selling perfume under their family name.
They launched a lawsuit, but ran out of money and ceded rights to their family name to a U.S. firm in 1951 for $25,000. The Faberge brand then went through many owners before being sold for $1.55 billion to consumer goods group Unilever in 1989.
A group of investors bought the Faberge brand in January for an undisclosed sum from Unilever, which had been using it for a variety of cosmetics brands, including Brut perfume.
Sean Gilbertson, a partner in London-based Pallinghurst Resources, which leads the group that controls Faberge, told Reuters in May that the revived Faberge would be involved in a range of luxury goods, including diamonds.
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