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."
- MYANMAR SNAPSHOT: Textile and apparel industry
- Indian apparel exporters discuss policy changes
- Clothing seen as central focus for new Tesco CEO
- VF Corp bullish for second-half growth
- INTERVIEW: David Nieper pushes Made in UK momentum
- Crystal Group improves worker communication
- TIMELINE: Charney ousting from American Apparel
- VF Corp books "solid" Q2 performance
- Weatherproof jackets release harmful chemicals"
- UN rights expert urges further Cambodia reforms
- Global market review of denim and jeanswear – forecasts to 2020
- Management briefing: Sourcing shifts: Changes and challenges
- American Eagle Outfitters, Inc. : Reacting to a need for change
- Ethiopia – the emerging textile and clothing industry
- Plunkett's Apparel & Textiles Industry Almanac 2014: Apparel & Textiles Industry Market Research, Statistics, Trends & Leading Companies