Baccarat (company)

Common card · No. 303880

Baccarat (French: [bakaʁa]) 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 an ultra luxury hotel 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 Investment Management, 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.

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