Sergio Tacchini bought by Stefano Maroni in association with two US investment funds - report
today Jul 4, 2019
Sergio Tacchini is said to have a new owner. According to e-newspaper Pambianco News, the Italian sport and lifestyle brand has been bought by businessman Stefano Maroni, the boss of US licensing company GMI, in association with two US investment funds, Twin Lakes Capital and B. Riley Principal Investments. Contacted by FashionNetwork.com, Sergio Tacchini did not wish to comment on or confirm the news.
The brand was founded in 1966 by Italian tennis player Sergio Tacchini, and was sold to Chinese financier and entrepreneur Billy Ngok in 2007. In 2013, Ngok, together with other private investors, joined forces with Wintex Hong Kong, which owns Wintex Italia, the company running the Sergio Tacchini brand and its licences through a lease contract.
In 2018, Sergio Tacchini generated a revenue of €50 million, growing 10% over 2017. The forecast for the current financial year is to grow another 10%, to €55 million. The plan is for Sergio Tacchini to reach a revenue of €100 million in the next five years.
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