No, the message is not “small is still beautiful”. Rather, Roberto Costa, head of global luxury and fashion investment banking at Citi, wants to make it clear that there is no single way to grow. Even in the current market scenario, a fashion SME can believe in a development path to be followed independently. To […]
OTB buys leather goods maker Frassineti. The Tuscan company, strategic supplier of Jil Sander, was previously owned by Gruppo Him Co. It’s the last acquisition of the luxury group, which is focusing on strengthening its supply chain. Frassineti has about 70 employs and manufactures 70,000 handbags a year. OTB took over the majority of shares, […]
San Quirico holding acquired 75% of Minerva Hub. The remaining 25% will be retained by Xenox and other investors. Matteo Marzotto will maintain his position as president of the group that deals in finishings and materials for luxury accessories. San Quirico is owned by the Garrone and Mondini families, shareholders of oil conglomerate ERG. “This operation […]
“These mergers and aggregation operations are good for the entire sector and for the Italian System”. That what Matteo Marzotto (in the photo Imagoeconomica) says, explaining to La Conceria why Minerva Hub, the group of which he is the president, has passed under the control of San Quirico. And what will be the next strategies...
Aeffe has decided to shake up Moschino. After creative director Jeremy Scott’s departure, the brand is now also dealing with the departure of general manager Stefano Secchi. “The operational continuity will be entrusted to counsellor Goffredo Palmerini”, said the owner of the brand. Moreover, after 40 years of service, Michelle Stein will leave his role as president […]
One must look towards the East with confidence. Because on the other hand, only winds of (possible) crisis are blowing from banks, which are failing or at risk of failing. The end of the Zero Covid policy in China brings with it hope for business, not only for the high-end biggies, but above all, Mario […]
“Parallel convergences”, one might say, quoting Aldo Moro. On different assumptions and with different objectives, Prada and Richemont are working on dual listing. The first group, which has already publicly declared its objective, has not yet resolved the bureaucratic complexities of the dual listing in Hong Kong and Milan. The latter, recently embroiled in rumours...
In Los Angeles, in an unusually non-fashion week date, on the evening of March 10 (not coincidentally on the eve of the Oscars) we saw the Versace that will be. Donatella presented the FW 23/24 collection at the Pacific Design Center (West Hollywood), showcasing a “strong woman” who wears alligator-print leather coats or combines elegant […]
Brazilian group Arezzo bought Italian brand Paris Texas and, says the former, it will soon buy a footwear manufacturer in Tuscany. Alexandre Birman, CEO of Arezzo & Co, revealed his love for Italy began in 1993, after which he frequented all Lineapelle’s editions in the last years. “I am proud to be Brazilian, but I would...
LVMH may not acquire Richemont or Cartier. But it will surely buy back its shares from the market. The group’s leader, Bernard Arnault, is betting that the price of LVMH’s shares will increase. The luxury giant at the center of “Swiss” rumors saying that it wishes to buy Cartier or even the entire group that […]
We could title it “The sale of Richemont”. And it would be a succesful best-selling series of books, because for years now financial sources have rumored the sale of the Swiss multinational. Rumors that, in the end, were always discredited. The latest one comes from Siss press and claims that LVMH is the buyer. The...
3 players are in the run to acquire Cadicagroup. After a few fell out of the running, the funds that remain are Argand Partners, Paladin Capital and Chequers, as they appear to be the most serious when it comes to acquiring the Carpi-based (near Modena) group specialized in accessories and tags for the fashion industry. The seller is...
Experts are sure that even during 2023 M&A activities will continue on the strong trend. And Italy, fundamental country for the fashion industry, will once again be a main actor in the various plays. Mergermania, the current trend of M&A operations on all levels of the chain, requires two main clarifications. The first is tied […]
The accessories cluster promoted by fund White Bridge Investments acquired CDC Luxury Chains. The latter (Tuscan) is active in the production of ornamental chains for luxury goods sold by fashion brands. CDC becomes part of a conglomerate that already includes Lampa, Obi, Forza Giovane, Conti e Vannelli, Gruppo PF. Mergers along the accessories’ segment continue, with the objective of strengthening and […]
Tre Zeta Group acquires Suolificio Magonio in Montelupo Fiorentino (Florence). It’s Tre Zeta Group’s 2nd operation in two months, as in mid-November it had bought Stil Stampi in San Miniato (Pisa), which manufactures aluminum molds for shoe soles. Magonio manufactures leather soles for the luxury segment and closed 2022 with a revenue of 14.5 million euro. Considering these last two acquisitions, Tre...
Integrations along the chain don’t appear to be stopping. Zuma Pelli Pregiate group (headquartered in Castelfranco di Sotto) acquired Conceria Centrorettili, located in Santa Croce sull’Arno. This deal involves two leading enterprises specialized in tanning exotic hides that will join forces to unite their client portfolio. “The acquisition was conducted because the amount of work done in […]
Tod’s remains listed. After the failed OPA attempt, DeVa Finance communicated that it will not proceed with its plan B. In other words: the merger via the acquisition of Tod’s. The company owned by the Della Valle family “preferred following the market’s inputs and not proceed with an operation that could have been considered hostile or...
Wolverine Worldwide is bucking the trend. While fashion proceeds through M&As to vertically integrate the supply chain, the Rockford, Michigan-based company has started the process of divesting (also under licence) Wolverine Leathers. Meaning, the in-house leather supplier. Because it is a “low-profit” business, the company explained. Same fate for the brand Keds. “Wolverine Worldwide Leathers,” […]
Minerva Hub also takes over the Meccaniche Luciani Group. The hub chaired by Matteo Marzotto has now brought together 9 companies (but more are on the way), and will close 2022 with a turnover of over EUR 180 million, EUR 50 million EBITDA and a 15% net profit. During the press conference held on Monday...
The Della Valle family has not yet taken a decision on whether or not to proceed with the delisting of the stock, after the recent flop of the financial transaction. This was stated during the conference call with analysts by Tod’s Group CFO Emilio Macellari. He expects a decision by the end of the year....
