Fastest Growing Companies | $5M-$25M | 2nd place
CEO (or equivalent): Fred Magnanimi, founder and CEO
2017 Revenue: $7,345,245
2015 Revenue: $2,183,637
Revenue growth: 236.4%
Every day when the doors open at Luca + Danni Inc., memories are being made, while a family tradition continues at the Cranston company. Its 44 employees are hand-crafting jewelry.
“Our brand’s purpose is to remind people to own the moment and embrace the journey of life,” said Fred Magnanimi, founder and CEO of the company. “Jewelry is an amazing form of self-expression, and I hope that through our brand’s story and the community that we are creating, we can allow [the customer] to express those important memories, moments and milestones of life in a way that transcends jewelry.”
Growing up, Fred and his late brother Danny watched their father create one-of-a-kind jewelry, watching how he turned a design into a finished product. Before dying of cancer in 2013 at the age of 33, Danny had dreamed of reinventing the family’s business, which had been hurt by overseas competition. Fred had been working as an investment banker but decided to return to Rhode Island and continue his brother’s dream. He named the company after his son Luca, his brother and his daughter Stella Dani.
“We know that the marketplace for meaning-based jewelry is large and growing every day,” said Magnanimi. “We want to be the next great jewelry brand.”
