Sapinda acquires luxury lingerie firm La Perla

Sapinda Holding B.V. has acquired 100 percent of the shares of La Perla Global Management (UK) Limited, the parent company of La Perla Group. In December last year, it was reported that the company was in talks with Chinese investor Fosun International, who recently bought Parisian fashion label Lanvin.

According to Reuters, Italian entrepreneur Silvio Scaglia, who acquired the lingerie brand in 2013, for 69 million euros (85 million dollars) at a court-led auction, through his family holding Pacific Global Management, has invested around 300 million euros (369.7 million dollars) in the label's expansion into Asia and other countries. Along with lingerie, La Perla also manufactures and retails nightwear, beachwear and ready-to-wear. In a recent interview to Forbes, Scaglia had said that the group reported sales of 140 million euros (172.5 million dollars) in 2017 and is expected to break even by the end of 2018.

Commenting on the development, Scaglia, said in a statement: “We are delighted that Sapinda has acquired La Perla. I know that Sapinda has the necessary resources to take La Perla to the next level and continue my vision of building a global luxury brand, but keeping production in Europe.”

Founded in 1954 by Ada Masotti, La Perla, headquartered in London, employs more than 1,500 people in over 150 global locations, with flagship stores in all key metropolitan cities in America, Europe, the Middle-East and Asia.

“We are delighted to have the opportunity to become the owner of La Perla, an iconic brand and one of the world’s leading players in the luxury space. Silvio and his team have done a tremendous job in expanding the business in a sector that continues to demonstrate huge growth potential. We are prepared to further invest, to improve the financial performance of the company,” added Lars Windhorst, CEO of Sapinda.

Dutch investor Sapinda Holding BV has offices in Amsterdam, Berlin and London. According to its website, Sapinda is a global investment group formed in 2009 by a select number of entrepreneurs and prominent high-net-worth families seeking exposure to investment opportunities in special situations across continental Europe, Sub-Saharan Africa and Asia.

Picture:La Perla website