Actium/Saint-Honoré partnership acquire Cartier Boutiques on St. Maarten and St. Barts

actiumlogoMiami-based Actium and its joint venture partner Panama-based Saint-Honoré announced that they have acquired the Cartier Boutiques on the duty-free islands of Saint Barth (Saint Barthelemy) and Sint Maarten and simultaneously signed a new long term agreement with Cartier to operate them.
“These boutiques complement our retail portfolio of exceptional luxury brands (Hermès and Gucci) and makes us the only company in the Americas to partner with three of the top four luxury groups in the world measured per market capitalization (Hermès, Richmont and Kering),” Actium owner Philippe Giraud tells TMI.
CArtier logoThe Sint Maarten Boutique, located in Front Street in Philipsburg, is 1500 square feet. The Saint Bart Boutique, located at the landmark Carre d’Or in Gustavia, is 700 square feet, says Giraud.