Packaging Group Merger Creates New Global Luxury Player
The combined entity will target growth in North America and Asia, signaling a trend toward integrated, sustainable packaging.
Updated on Oct. 23, 2026 in People
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Packaging providers TNT Group and PM Studio Group have merged to form a unified global entity for the luxury beauty and spirits markets. Following the integration, Damon Kennish, who joined as chief business officer in September 2025, has been appointed chief executive officer to lead the combined operations.
Why it matters
The merger aims to consolidate specialized expertise in primary and secondary packaging, positioning the combined entity to scale its reach across North American, Asian, and Middle Eastern luxury markets. This integration combines PM Studio Group's high sustainability credentials with TNT Group's established packaging infrastructure.
The combined entity now oversees a workforce of more than 165 employees across 11 global offices. PM Studio Group brings a sustainability baseline marked by an EcoVadis certification in the top 1 percent.
The players
Damon Kennish
The newly appointed CEO of TNT Group with 30 years of international experience and a track record of operational restructuring in European markets.
TNT Group
A global specialist in luxury packaging for the beauty and spirits sectors founded in 2013.
PM Studio Group
A packaging firm known for high sustainability performance, holding an EcoVadis certification in the top 1 percent.
Thomas Diezinger
The co-founder of TNT Group.
The details
The merger integrates primary packaging engineering with secondary packaging and gifting capabilities. Incoming CEO Damon Kennish previously managed European operational restructuring at Array Marketing, a background the company intends to leverage for its expansion roadmap. The strategy focuses on maintaining high sustainability standards while aggressively entering new geographic territories.
Timeline
2013: TNT Group was founded.
September 2025: Damon Kennish joined TNT Group as chief business officer.
October 23, 2026: Damon Kennish was appointed chief executive officer.
Market Landscape
This move follows the luxury packaging market's shift toward high-sustainability certifications like EcoVadis to secure contracts with global prestige brands. The merger effectively follows the trend of mid-market suppliers scaling through acquisition to meet the demand for integrated, sustainable production.
Operators in the luxury goods supply chain should monitor the combined entity’s pricing models and service integration as it scales into North American and Asian markets. Suppliers should evaluate their own sustainability ratings against the top 1-percent threshold set by PM Studio Group to remain competitive.
The takeaway
The merger highlights how luxury brands are increasingly prioritizing vendors that offer both comprehensive packaging design and validated sustainability metrics. Leaders should audit their current vendor ESG documentation to ensure they meet the rising expectations of high-end consumer goods clients.
Further reading
For more on shifts in corporate leadership and organizational restructuring, visit the People section.
Source note: This article includes information reported by FashionNetwork.
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