ITALY: Bruno Magli sold to asset management firm
Italian luxury leather brand Bruno Magli has been sold to Swiss asset management firm Da Vinci Invest AG for an undisclosed sum.
Until now Bruno Magli, which specialises in women's and men's footwear, accessories and ready-to-wear, has been owned by UK hedge fund Fortelus Capital Management, which acquired the company in 2007.
Dr Manfred Ebensberger has been appointed as the new CEO of Bruno Magli, replacing Armin Mueller, who has left the company. The existing management will continue to run the business, which will remain headquartered in Italy.
Ebensberger said that under the new ownership "we now look forward to the next phase of growth while preserving the values of distinctive design and workmanship, outstanding quality and strong heritage which are a fundamental part of the Bruno Magli identity."
- Why fast fashion isn't a case of one size fits all
- Sir Philip Green blamed for the collapse of BHS
- Brexit blow to global apparel industry confidence
- TPP tariff phase-out guides Vietnam sourcing plans
- Brexit Trade Focus – How a CANZ-UK FTA stacks up
- VF Corp cuts guidance as Q2 profit plunges 70%
- Vietnam mulls wage freeze to boost competitiveness
- Ethiopia opens flagship textile and apparel park
- Teijin launches polyester hook-and-loop fastener
- US Q2 in brief - Carter's, Wolverine Worldwide
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Southeast Asia & Central America strategic sourcing reviews package deal
- World Textile and Apparel Trade and Production Trends: the EU - June 2016
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis