BELGRANO : 

Belgrano
Belgrano

Platform – Luxury & Heritage

Personal Goods

Overview

Accessories and leather goods with a rich heritage

Personal Goods comprises three accessory and leather goods brands with a rich heritage and exceptional craftsmanship, rooted in the world of Quiet Luxury.

Altesse Studiofounded in 1875 in the Oise region of France, specialises in the manufacture of hairbrushes that are entirely shaped and assembled by hand in accordance with time-honoured tradition and expertise.

Founded in 2008, Cambridge Satchel is a fashion leather goods manufacturer Made in UKwhich built its success on the Satchel model, a schoolbag inspired by the British school tradition. 

Founded in England in 1750, Swaine is the world's oldest leather goods brand. 

All three brands boast iconic products, with strong potential for expansion into international markets.

Personal Goods

Key figures

As of 31 December 2025

Revenue
0 €m
Brands with strong growth potential
0
Employees
0
Our model

Reinventing heritage brands into global gems

Swaine

A British house founded in 1750, Swaine embodies artisanal luxury and traditional English craftsmanship. Renowned for its umbrellas, exceptional leather goods and handmade leather accessories, the house has supplied the Royal Family and a discerning international clientele for centuries.

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Cambridge Satchel

Founded in 2008, Cambridge Satchel is a leather goods manufacturer made in UK. Combining modernity and accessibility, the brand has built its success on the Satchel model, a schoolbag inspired by the tradition of British schools. 

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Altesse Studio

Heir to a centuries-old French brush-making tradition, Altesse Studio makes premium hairbrushes crafted from noble materials. Certified as a Living Heritage Company (Entreprise du Patrimoine Vivant), the brand combines artisanal tradition and innovation to enhance hair through exceptional everyday care.

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Investment thesis

Why are we investing in this asset?

1

A portfolio of luxury and premium brands

Personal Goods brings together three iconic brands - Swaine, Cambridge Satchel and Altesse Studio - which embody excellence in craftsmanship and an age-old heritage. Each has a strong identity and unique expertise, from iconic and timeless leather bags to hairbrushes.

2

A fast-growing market

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3

An ambitious and sustainable development strategy

Personal Goods is focusing on targeted expansion, combining retail development, digitalisation and internationalisation. By strengthening its distribution network and marketing positioning, the Group is committed to long-term growth, combining tradition and modernity.

Management team

Governance

Carine de Koenigswarter

Managing Director

Achievements

Emblematic projects

National Air & Space Museum (Washiongton D.C., United States)

Le National Air and Space Museum is one of the world's most iconic museums, dedicated to the fascinating history of aviation and space exploration. It houses an unrivalled collection of historic aircraft, spacecraft and artefacts, attracting millions of visitors every year. 

It set itself the challenge of completely rethinking its original museum before its fiftieth anniversary in 2026. As a trusted partner since 2018, Museum Studio manufactured and installed the first eight exhibition spaces as well as several communal areas as part of this gradual transformation.

This iconic museum, designed to display life-size aircraft and spacecraft, imposes an impressive scale. The exhibition furniture, designed and created by experts, has been designed to match this spectacular scale and showcase fascinating artefacts. Through these new galleries, the museum invites visitors to explore the history of mankind's conquest of the skies and space.

The Burrell Collection (Glasgow, UK)

Museum Studio has been selected by Glasgow Museums to design the masterplan for the renewal of the museum. Burrell CollectionGlasgow's iconic museum houses one of the world's most remarkable collections of decorative and visual arts. Charged with redesigning the 8,000 m² of exhibition space, Museum Studio came up with a staging concept in perfect harmony with the building's modernist architecture and its exceptional natural setting.

More than 200 bespoke display cases were created to ensure the preservation of 21st-century collections, while incorporating an approach focused on accessibility, sustainability and aesthetics. The exhibition space has been extended by 35 %, optimising circulation and making the museum more inclusive.

This major project has helped to make the Burrell Collection the winner of the prestigious " Art Fund Museum of the Year 2023″.

Diriyah Gate (Saudi Arabia)

Diriyah Gate is a major transformation project in Riyadh, Saudi Arabia, aimed at turning this historic destination into the world's largest cultural and heritage centre. This exceptional site is home to At-Turaif, a UNESCO World Heritage Site, and embodies an ambitious vision combining history, culture and modernity.

Museum Studio contributed to this major project by imagining the concept for six major cultural attractions. Its work brought the client's vision to life by defining clear guidelines for the visitor experience and the enhancement of heritage. Each space was designed to offer a unique experience, combining authenticity and innovation.

Museum Sutdio was also hired to oversee the creation of five permanent exhibitions, in collaboration with international teams, and to provide its expertise on five other projects. His support has ensured a demanding and coherent approach to making Diriyah Gate an exceptional place where past and present meet in harmony.

Overview
Heritage
Governance
Sustainable strategy
Agenda
Net asset value
Key figures
Ownership structure
Financial results
Regulated information
Analysts coverage
Investor presentations
General Meetings

CULTURE & EDUCATION

Museum Studio

LUXURY & HERITAGE

Chargeurs PCC
Luxury Fibers
Personal Goods

Innovative Materials

Novacel