PM Studio Group has acquired TNT Group, adding premium primary and secondary packaging know-how to its existing portfolio of gifting, secondary packaging and bespoke accessories for beauty, luxury, fashion, jewellery and watch brands. The French group described the deal as a new stage in its development, extending its capabilities through TNT Group's expertise in engineering and high-end packaging design.
The combined business generates approximately EUR 130 million (about USD 145 million) in revenue and employs nearly 150 people worldwide.
Two complementary businesses
PM Studio Group was co-founded in 2018 by Patricia Stranik and Sven Döbert and has grown at an average annual rate of more than 30%, reaching over EUR 70 million (about USD 78 million) in revenue in 2025. Its business is divided between luggage (55%), packaging (30%) and accessories (15%), and it employs more than 90 people worldwide. Headquartered in Paris, the company has been backed by investment fund Andera Expansion since 2024 and has already completed several acquisitions, including By No and Édition Limitée.
TNT Group was founded in 2013 by Toby Cattermole and Thomas Diezinger and operates from Hong Kong, Paris and New York, serving established luxury houses as well as successful niche brands, particularly in the beauty and wines and spirits sectors. Its expertise covers engineering and eco-design, turning creative concepts into bespoke technical solutions, and it runs a fabless model that outsources manufacturing to a network of industrial partners across Asia and Europe. The company is also described as a pioneer in the use of recycled zamak.
Rationale and leadership
By combining their expertise, the two groups aim to cover a larger share of the value chain, from design to logistics, and to broaden their customer base across major international groups and fast-growing niche brands, while strengthening their reach in Europe, Asia, the Middle East and North America. PM Studio Group said the transaction reflects its ambition to build a global platform with further growth driven by acquisitions, pairing its creative expertise with TNT Group's technical know-how.
Stranik, CEO of PM Studio Group, described the fit as immediate, pointing to a shared philosophy and DNA, a common passion for the product, and a similar willingness to push creative boundaries. TNT Group founders Toby Cattermole and Thomas Diezinger are reinvesting a significant portion of the sale proceeds into the combined business alongside key members of TNT Group's management. Diezinger framed the partnership as bringing together PM Studio Group's creativity and TNT Group's engineering to serve complementary projects and customer portfolios.
Damon Kennish has been appointed CEO of TNT Group to support the growth ambitions of both businesses through project synergies; he previously served as the company's Chief Business Officer, a role he joined in 2025.
PM Studio Group, a certified B Corp and an EcoVadis Platinum medalist, plans to continue expanding internationally while preserving the distinct identities and entrepreneurial agility of both businesses.