Billionaire Ron Burkle buys royal jeweller

Filed under Deals, Ron Burkle
June 10, 2007 9:26 am

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Ron Burkle, the Californian billionaire, has acquired a big minority stake in the business of Stephen Webster, the British jeweller famous for designing the gem-encrusted creations worn by celebrities from David Beckham to Madonna. Mr Webster told the Financial Times that Mr Burkle would buy “close to 50 per cent” of his company, which has seven stores from London to Tokyo.

Read the rest of the story publishe by FT here:

http://www.ft.com/cms/s/aac3277a-15de-11dc-a7ce-000b5df10621.html

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