Bureau Veritas bolsters its luxury positioning with LBS acquisition

Bureau Veritas, a global leader in testing, inspection, and certification services, has announced the acquisition of LBS Luxury Brands Services, a company specializing in quality assurance and control within the luxury industry. As part of Bureau Veritas' LEAP | 28 strategy, this acquisition aims to strengthen its foothold and offering in luxury and fashion, enhancing supply chain solutions and its Italian market presence. The acquisition significantly boosts the Consumer Products Services division of Bureau Veritas, expanding its capacity in providing quality and sustainable supply chain services, particularly in the premium segment. LBS, established in 2013, has become a strategic partner for high-end brands, offering quality management services in laboratory environments with a notable focus on metallic accessory manufacturing. LBS brings additional expertise to Bureau Veritas' portfolio, establishing it as a leading provider of end-to-end services for luxury fashion brands. LBS achieved revenues of 8.8 million euros in 2023, supported by over 100 specialists across Europe. Hinda Gharbi, Director General of Bureau Veritas, highlighted the strategic importance of M&A in the company's LEAP | 28 strategy, with this acquisition positioning Bureau Veritas as a preferred partner for luxury brands worldwide. Luca Cartocci, CEO and founder of LBS, expressed enthusiasm for joining Bureau Veritas' global network, emphasizing their shared commitment to integrity and high-quality service delivery.