Kering to sell Sergio Rossi to Investindustrial
Luxury group Kering has reached an agreement to sell 100% of the capital of shoemaker Sergio Rossi to independent investment company Investindustrial.
The transaction will include all the industrial assets of Sergio Rossi, the rights attached to the brand, and the entire distribution network.
Sergio Rossi has a significant international presence in EMEA, America, South East Asia and Japan with a mix of 80 directly operated and franchised stores.
In a statement, Kering said the sale will enable Sergio Rossi to “continue its path of development with a strategic partner that can support the brand solidly and with prospects for long-term growth”.
Investindustrial’s portfolio includes brands such as Aston Martin, B&B Italia and Flos.
The transaction is expected to close in the coming weeks.
