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Trussardi M&A Rumors Heat Up in Milan

MILAN — Speculation over the future of Trussardi has been mounting in Milan. The family-owned house has been for years the target of merger-and-acquisition rumors. Most recently, management company Quattro R SGR SpA, incorporated in 2016, has been indicated as a potential suitor. Quattro R manages a fund of more than 700 million euros and, according to its web site, it “targets Italian companies with solid business fundamentals despite temporary financial distress.” The fund, which includes Cassa Depositi e Prestiti controlled by the Minister of Economy and Finance, is headed by chairman Andrea Morante. Morante has a longstanding experience as an investment banker and in fashion, and he is chairman of Sergio Rossi as well as a former chief executive officer of Pomellato.
Trussardi and Quattro R had no comment on the rumors.
The Trussardi Group reported sales of 154 million euros in 2017 and, in March, a group of six banks subscribed a financing operation for a total value of 51.5 million euros. On top of this, the Trussardi family stipulated a capital increase of 5 million euros.
The company has been focusing on the signature line and the Trussardi Jeans collection, simplifying the product offer and increasingly focusing on accessories, which in 2018

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Via:: https://wwd.com/fashion-news/fashion-scoops/trussardi-ma-rumors-heat-up-in-milan-1202868037/