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Investors Said to Be Eyeing Etro

DEAL OR NO DEAL?: A decision on the Roberto Cavalli sale is imminent, a few days after Brunello Cucinelli revealed his succession plans and Furla’s owner and president Giovanna Furlanetto admitted the brand has been courted but, at the same time, firmly denied the company is for sale. Last month, Trussardi was acquired by QuattroR Asset Management Co. against a backdrop that sees Italian companies tackle generational changes and merger and acquisition rumors swirl around other storied brands such as Buccellati. Last year, another family company, Missoni, sold a 41.2 percent stake to FSI Midmarket Growth Equity Fund, and Michael Kors Holdings bought Versace, renaming itself Capri Holdings.
Now Etro is in the mix. According to sources, investors have also been looking at the fashion brand, which last year celebrated its 50th anniversary with an exhibition in Milan named “Generation Paisley” — a reference to the company’s most recognizable pattern. Gerolamo Etro, known as Gimmo, founded the company in 1968 as a textile firm, and, with a forward-thinking initiative decided to invest in ready-to-wear and lifestyle in the Eighties, expanding into collections that ranged from perfumes to suitcases. The exhibit was conceived and put together by the family, which includes siblings

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Via:: https://wwd.com/fashion-news/fashion-scoops/investors-said-to-be-eyeing-etro-1203087530/