PM Studio Group, a French supplier of gift boxes, secondary packaging and accessories to luxury brands including Dior, Gucci, Prada and Burberry, acquired TNT Group for undisclosed terms, creating a combined business with about €130 million in annual revenue. TNT, which works from Paris, Hong Kong and New York, makes primary and secondary packaging for beauty, wine and spirits brands, from refillable skincare jars to presentation cases for perfume. The combined company plans to grow in Europe, Asia, the Middle East and North America while building lower-impact luxury packaging such as all-cardboard boxes and recycled zinc-alloy components.
