Luxury fashion conglomerate Kering—owner of Gucci, Bottega Veneta, and Saint Laurent—has sold Italian luxury shoe brand Sergio Rossi to Investindustrial, a well-known European investment group, which will acquire all rights to the brand name, its entire distribution network, and factories and industrial assets. The announcement comes on the back of the departure of founder Sergio Rossi and CEO Christophe Mélard earlier this year, which raised questions about the future of the brand.
“We have built an excellent relationship with Kering who has chosen us as the new owners for the brand,” said Andrea C. Bonomi, senior partner Investindustrial, who also hasAston Martin, B&B Italia, and Flos. “Over the years Investindustrial, through numerous success stories, such as Ducati, Ruffino, PortAventura, Gardaland, Stroili, has grown and developed brands with great tradition.”
Sergio Rossi, a favorite of A-listers and the fashion set, began life as a boutique in Milan in the 1980s, and has since expanded to 80 owned and franchised stores throughout EMEA, America, Southeast Asia, and Japan. It was the sole shoe label owned by Kering.
At the time of press no details of the Sergio Rossi transaction have been disclosed.