Belstaff joins Labelux portfolio
By FashionUnited
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Reinhard
British heritage brand Belstaff was acquired in the 1990s by Franco Malenotti who re-launched the brand on the international markets.
Malenotti adds: 'Belstaff has represented 15 years of my life. I had the opportunity to work with passion, innovative spirit and awareness of preserving an important fact of our past. It is with satisfaction that I have seen the company grow and gain unexpected targets, such as collaboration with the major Hollywood productions.'
According to a statement Belstaff has an ambitious development plan involving geographic expansion and product extension, which will be accelerated by the acquisition.
Labelux now has a portfolio including Swiss-business Bally, New York-based apparel label Derek Lam, British jeweller Solange Azagury-Partridge, Italian accessories company Zagliani and luxury shoe retailers Jimmy Choo.
KPMG acted as financial adviser for the deal, with legal advice coming from Hogan Lovells Studio Legale.
Image: Belstaff SS11