Sergio Rossi’s new private equity owners aim for international growth
Luxury group Kering has sold Italian footwear brand Sergio Rossi to private equity firm Investindustrial.
It becomes the latest in a line of shoe companies sold to buyout firms in the last two years, following the sales of Akakura, Hotter, Roberto Cavalli and Bruno Magli and retailers PittaRosso and Office.
Kering said the agreement will allow the Sergio Rossi brand to continue its path of development with a strategic partner that can support the brand solidly and with prospects for long-term growth.
Sergio Rossi has more than 80 stores (a mix of directly operated stores and franchised stores).
Andrea Bonomi, senior partner at Investindustrial, said: "We have built an excellent relationship with Kering who has chosen us as the new owners for the brand. This choice makes us proud, as over the years Investindustrial, through numerous success stories (such as Ducati, Ruffino, PortAventura, Gardaland, Stroili), has grown and developed brands with great tradition. Currently we are partners of leading brands such as Aston Martin, Flos and B&B Italia that are growing internationally. The same growth path that we are looking to achieve for Sergio Rossi."
