Investment fund QuattroR is reportedly close to finalizing a major deal to acquire a controlling stake in the renowned fashion house Trussardi, as revealed by three reliable sources knowledgeable about the situation. The agreement, set to be completed by next week, would involve QuattroR purchasing a substantial portion of the company, estimated to be between 70 and 80 percent.
Trussardi, which originally gained fame for its high-quality leather gloves, is currently under the ownership of the Trussardi family through their Finos holding. The brand encountered financial difficulties in 2017, recording a loss of 30.6 million euros and experiencing an 8.6 percent decline in revenues to 24.2 million euros.
To facilitate the acquisition, a consortium of banks, including UniCredit, Intesa Sanpaolo, and Banca Monte dei Paschi di Siena, entered into a financing arrangement valued at 51.5 million euros in December. Discussions with the lenders are approaching conclusion, and a final agreement is projected to be reached by mid-week, pending any unforeseen obstacles.
Both Trussardi and QuattroR have chosen to remain silent on the matter, refraining from issuing any official statements concerning the impending transaction.
The anticipated purchase of Trussardi by QuattroR represents a significant milestone in the fashion sector, potentially shaping the future trajectory and expansion of the iconic Italian label. For the latest updates on this evolving narrative, keep an eye out for further announcements.
Learn more about the fashion industry in Italy: Italian Fashion Industry
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