Trussardi acquired by QuattroR

Investment fund QuattroR has completed the acquisition of a 60 percent stake in the Italian fashion house Trussardi. In a statement, QuattroR said it will provide Trussardi with the economic and financial support needed to implement a new international development plan to relaunch the brand and strengthen its position and visibility.

"The Trussardi’s acquisition confirms QuattroR’s mission and vocation to support mid/large Italian corporates in need of financial restructuring”, said the firm’s Chairman, Andrea Morante.

The deal marks the sale of yet another Italian luxury business, following Versace’s acquisition by Capri Holdings Limited (former Michael Kors) and the sale of a 41 percent stake in Missoni to private equity fund FSI last year.

Trussardi’s heir Tomaso Trussardi will now take on the role of Chairman of the Company’s Board of Directors. “I am very pleased that, following the reorganization of the shareholding structure within my family, an agreement has been finalized today with QuattroR to further enhance the company’s capital structure and business outlook. I am convinced that we have created the best conditions to continue to carry out the project originally developed by my father Nicola”, he said in the same statement.

Founded in 1911, the Italian label is present in 47 countries thanks to a network of 160 standalone stores in Europe and Asia, as well as 1,800 points of sale. The company had a turnover of about 150 million euros in 2018.

Picture: Trussardi Facebook