Could Sergio Rossi end up in foreign hands? Rumors have been spreading since January and have never been denied. The topic: the fact that Investindustrial has allegedly made the Italian brand’s reports available to see. Today more rumors name two potential buyers: one Swiss and one from the USA.
According to Mergermarket, the race to acquire the footwear brand with headquarter in San Mauro Pascoli, is allegedly now only between Bally International and Marquee Brands. Two very different companies. The first one, from Switzerland, is known for the manufacturing of the homonymous shoes (and other goods). The second one is from the USA and is specialized in managing brands. For example, it already owns Bruno Magli, bought in 2015 for 28.5 million euro and has been managing it via licensing contracts.
Sergio Rossi’s steps
2015 was the year during which Sergio Rossi went from being Kering’s to Investindustrial’s, which would now allegedly like to sell. Some rumors, in fact, claimed last January that the Italian company had charged Rothschild to “explore the market”. They names some potential buyers, among which were: Style Capital, Ergon Capital Partners and Star Capital. Moreover: Chanel’s name was also thrown in the mix, but after an initial assessment the brand pulled out, according to Mergermarket. And so, the latest news claim that the negotiations with Bally and Marquee Brands are in an advanced state, according to sources close to the operation. Simply put: the closing could very well take place in the coming weeks.
Images from sergiorossi.com