Company Research Report: THOM Group

Company Overview

• Name: THOM

• Mission: Allow everyone to share a precious moment.

• Founded: 1986

• Founder: Information not specifically available.

• Key People:

• Romain Peninque, President

• Flavien d’Audiffret, Group CEO

• Kevin Aubert, Group CFO (effective October 1, 2024)

• Headquarters: Information not specifically available.

• Number of Employees: 6,000

• Revenue: €1,012 million in 2023

• Known For: Market leader in affordable jewellery in Europe.

Products

• Product Offerings: Affordable jewellery and watches.

• High-Level Description:

• THOM provides a broad range of jewellery that is designed to be accessible to a wide audience by breaking traditional jewellery sales norms.

• The company focuses on providing the best value for money through its omnichannel brands and extensive store network.

• Key Features:

• Jewelry affordability.

• Omnichannel distribution.

• Emphasis on value for money.

Recent Developments

• Change in CFO: On September 16, 2024, Goldstory (a part of THOM) announced a change in CFO. Kevin Aubert was appointed CFO of the Group, effective October 1, 2024.

• Financial Instruments: On January 31, 2024, Goldstory announced the pricing of its Sustainability-Linked Senior Secured Notes due in 2030.

• Credit Rating: On January 30, 2024, GOLDSTORY S.A.S. had its B2 rating confirmed by Moody’s.

• Management Changes: On November 21, 2023, Goldstory announced changes to its Group management composition.

• Sustainability Milestones: Goldstory received an SQS2 Sustainability Quality Score for its sustainability-linked bond framework and upgraded its Standard & Poor’s Global long-term rating to B+ with a stable outlook on August 29, 2023.

Company Milestones

• 1986: Launch of Histoire d’Or - aimed at making jewellery affordable for all.

• 2010: Acquisition of Marc Orian.

• 2013: Launch of Trésor in France and the Histoiredor.com e-commerce site.

• 2016: Acquisition of Stroili and Franco Gioielli in Italy, and OROVIVO in Germany.

• 2021: Acquisition of Agatha.

• 2022: Creation of the wholesale division, Timeway, with operations in France and Italy.

• 2023: Expansion of the Fashion division with acquisitions of Be Maad, Clyda, and Scooter.

Strategy

• Invest in Brands: Focus on innovation, brand enhancement, wider product choice, and improved store coverage.

• Customer-Centric Organization: Enhancing customer satisfaction both online and offline.

• Invest in People: Attracting and retaining top talent.

• Agile Back Office: Streamlining back-office functions and IT implementations to boost efficiency.

Business Model

• THOM manages the entire value chain from product selection to multichannel distribution, ensuring control over the quality and customer experience at every stage.