The luxury industry’s appetite isn’t satisfied yet. This time though, the buyer isn’t one of the “usual” French conglomerates. New year’s eve’s fireworks were brought by a US-based group which bought a well-known company in Tuscany. In other words: Capri Holdings makes his latest purchase by acquiring Alberto Gozzi, footwear producer of Chiesina Uzzanese (Pistoia). It’s the first “production-focused” acquisition for that group that bought Versace in September 2018.
The (few) details
The closing of the agreement, according to Business of Fashion (cites a spokesperson from Capri Holdings), should be completed by the end of the first quarter of 2020. Gozzi will start to manufacture exclusively for Jimmy Choo and Versace. Footwear branded Micheal Kors will join the other two later on, at an unspecified time. The private label by Alberto Gozzi (according to what written by MF Fashion) isn’t part of the deal, as “it is being dismissed”.
“We are very happy to welcome all of Gozzi’s great craftsmen in the Capri Holdings Group”, stated Jon Idol, president and CEO of the US-based group -. This acquisition lets us align with the best strategy for the segment. Additionally, its helps us strengthen our technical capabilities and position in the global luxury market”. This is the first time Capri acquires a manufacturing entity.
Alberto Gozzi is a footwear manufacturer owned by the family by the same last name since its opening, in 1974. The company decided not to release any information nor make any statement. Gozzi is specialized in the production of mid-high and high-end women shoes and has been working with luxury brands for a while.
Images: on the left photo from Shutterstock, to the right from albertogozzi.it