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Gucci is putting its name on a race car – and everything that implies
There is a particular kind of announcement that looks, on the surface, like a PR move, but is actually a strategic declaration. Gucci becoming title partner to the Alpine Formula 1 team from 2027 is that sort of announcement. Read it quickly and you get: fashion brand joins motorsport, team gets new colours, Flavio Briatore…
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Pinault family office Artémis exits Giambattista Valli as designer regains full control
Artémis, the private investment vehicle of the billionaire Pinault family, agreed to sell its majority stake in Giambattista Valli back to the eponymous Italian designer, according to a report by WWD. The sale marks the end of an eight year ownership chapter that began as a minority investment and culminated in a quietly run auction…
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Oaktree and Ares-backed WHP Global strikes deal to acquire Marc Jacobs from LVMH
WHP Global has entered into a definitive agreement to acquire the Marc Jacobs brand from LVMH Moët Hennessy Louis Vuitton. The deal ends nearly three decades of ownership by the French luxury group. WHP, a brand management platform, counts Oaktree Capital Management and Ares Management among its principal backers. The transaction marks one of the…
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General Atlantic set for exit as Tory Burch lines up $700m leveraged loan
General Atlantic is set to exit its long-standing investment in Tory Burch, as the luxury retailer moves to repurchase the private equity firm’s stake through a $700m leveraged loan, Bloomberg reports. The transaction will see approximately $346m allocated to buying out General Atlantic’s interest, marking the end of a partnership that dates back to 2012. …
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Missoni family passes baton as FSI takes control of €130m fashion house
FSI has become the controlling shareholder of Missoni, increasing its stake in the Italian fashion group rather than pursuing a sale to international buyers, according to Italian daily Il Sole 24 Ore. The transaction preserves domestic ownership of the brand, which has been a symbol of Italian luxury since 1953. FSI will partner with the Fassin and Bachmueller…
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Zegna reshapes leadership as Investindustrial and Temasek-backed group elevates next generation
Ermenegildo Zegna has announced a major leadership transition as the luxury menswear group strengthens its governance structure with the support of long-standing investors Investindustrial and Temasek. Chief Executive Gildo Zegna will move into the role of executive chairman, while his sons, Edoardo and Angelo, will take over as co-chief executives of the flagship Zegna brand,…
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Dexelance acquires 65% stake in Mohd as Made in Italy Fund exits in high-return deal
Dexelance has acquired a 65% stake in Mohd, a leading Italian high-end furniture e-commerce and retail business, from Made in Italy Fund and the Mollura family. The Mollura family will reinvest in the business and retain a significant minority stake. The transaction marks the second exit for Made in Italy Fund, the private equity vehicle…
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Oakley Capital acquires heritage British brand Smythson in multi-brand expansion deal
Oakley Capital has acquired heritage British luxury label Smythson as part of a broader investment in iconic European brands. The deal, executed through Oakley’s investment vehicle Iconic BrandCo, also includes the acquisitions of Italian home furnishings label Fornasetti and premium leather goods maker Fabbrica Pelletterie Milano. Smythson, established in 1887 and renowned for its high-end…
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Oakley Capital acquires majority stake in iconic Italian design house Fornasetti
Oakley Capital has acquired a 60% stake in Immaginazione Srl, the holding company behind luxury Italian design brand Fornasetti, in a deal aimed at scaling the historic firm into a global lifestyle business. Founded by Piero Fornasetti in the 1940s and now led by his son, Barnaba Fornasetti, the Milan-based atelier is known for its…
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Inflexion exits control of Medik8 as L’Oréal deepens premium skincare push
L’Oréal has agreed to acquire a majority stake in Medik8, the British premium skincare brand, in a move that strengthens its Luxe Division’s portfolio and underscores continued private equity interest in the high-growth beauty segment. Inflexion, the mid-market private equity firm that previously backed Medik8, will retain a minority stake under the terms of the…