French gifting and packaging group PM Studio Group has acquired TNT Group, a specialist in premium primary and secondary packaging for the beauty and wines and spirits industries, extending an acquisition-led growth strategy.
PM Studio Group focuses on gifting, secondary packaging and bespoke accessories for beauty, luxury, fashion, jewellery and watch brands. The deal is intended to expand its capabilities by pairing its creative offering with TNT Group's engineering and high-end packaging design expertise. The combined group generates approximately EUR 130 million (about USD 145 million) in revenue and employs nearly 150 people worldwide.
Co-founded in 2018 by Patricia Stranik and Sven Döbert, PM Studio Group 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, it has been backed by investment fund Andera Expansion since 2024 and has already completed 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 both established luxury houses and growing niche brands. It works on a fabless model, outsourcing manufacturing to industrial partners across Asia and Europe, and is described as a pioneer in the use of recycled zamak.
The two groups said the combination should allow them to cover a larger share of the value chain, from design to logistics, broaden their customer base and strengthen their reach across Europe, Asia, the Middle East and North America. TNT Group's founders are reinvesting a significant portion of the sale proceeds in the combined business alongside key members of its management team. Damon Kennish, previously Chief Business Officer, has been appointed CEO of TNT Group. PM Studio Group, a certified B Corp and EcoVadis Platinum medalist, said it plans to continue expanding internationally while preserving the distinct identities and entrepreneurial agility of both businesses.
"With TNT Group, it was love at first sight," said Patricia Stranik, CEO of PM Studio Group, citing a shared philosophy, DNA and passion for the product.