Investment funds Ambria Holding and Xenon, with its company XPP Seven, have created Minerva Hub, a luxury production consortium featuring six SMEs specialised in high-end materials and finishings, led by Matteo Marzotto.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
Made in Italy Fund bought Italian high-end casual brand Dondup from L Catterton, a buyout firm founded by LVMH owner and French billionaire Bernard Arnault, the Italian private equity said on Thursday.
For the first time, the Italian label's CEO Toni Scervino has picked a manager from outside the company, Sofia Ciucchi, to work alongside him in a post-Covid-19 relaunch phase featuring many new projects.
Milan expects to host nearly 500,000 visitors on April 8-14 for the huge, city-wide event, an incredible opportunity for fashion and luxury labels to present countless projects and special initiatives.
The Italian fashion and denim brand announced on Wednesday that Matteo Anchisi has been promoted to the position of CEO, a role in which he succeeds Marco Casoni, who left the company at the end of last year.