Gemfields to sell Fabergé to SMG Capital for $50 million
LONDON: Gemfields Group Ltd. said Monday it has signed an agreement to sell its entire interest in Fabergé Limited, the iconic luxury brand, to SMG Capital LLC for $50 million. Under the terms of the deal, $45 million will be paid to Gemfields upon completion, expected on Aug. 28, 2025. The remaining $5 million will…