Kering finalizes sale of Sergio Rossi to Investindustrial
On December 30, 2015, Kering finalized the sale of Italian luxury shoemaker Sergio Rossi to Investindustrial per the terms announced on December 9, 2015. Investindustrial will continue Sergio Rossi’s international growth strategy and long-term development of the label. Investindustrial now owns all industrial assets, brand rights and the entire distribution network of Sergio Rossi.
Andrea C. Bonomi, Senior Partner at Investindustrial, said of the acquisition, :This choice makes us proud, as over the years Investindustrial, through numerous success stories (such as Ducati, Ruffino, PortAventura, Gardaland, Strolli), has grown and developed brands with great tradition…The same growth path that we are looking to achieve for Sergio Rossi.”
Sergio Rossi is a leading Italian luxury footwear brand renowned for its high quality and fashion-forward creativity. The company operates over 80 stores across EMEA, America, SE Asia and Japan.
Global leader in apparel in accessories, Kering manages several luxury and sport lifestyle brands including Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Christopher Kane, Stella McCartney and Puma, among others. The company generated over €10 billion in revenue in 2014 and employs approximately 37,000 employees across 120 countries.
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