Richemont, the renowned Swiss luxury goods company, has recently acquired a controlling stake in the esteemed Italian shoemaker, Gianvito Rossi. The exact proportion of the stakes involved in this private transaction has not been disclosed publicly. However, Gianvito Rossi will retain a share in the company and will continue collaborating with Richemont to enhance and develop the brand further.
Gianvito Rossi, led by CEO and Creative Director Gianvito Rossi himself, is a well-respected footwear manufacturer based in Milan. The company is renowned for its unwavering commitment to producing shoes of unparalleled quality, elegance, and timeless appeal. This acquisition aligns perfectly with Richemont’s expertise in the luxury sector, as it shares the same values and principles. Philippe Fortunato, CEO of Fashion & Accessories Maisons at Richemont, expressed his enthusiasm for welcoming Gianvito Rossi to the Richemont family and ensuring the Maison’s continuous creativity and long-term growth.
Gianvito Rossi himself spoke highly of Richemont, emphasizing their shared values revolving around a meticulous devotion to quality, exceptional design, master craftsmanship, and an unwavering dedication to preserving tradition. He chose Richemont as a strategic partner to further expand the brand’s global reach and to benefit from their expertise and successful expansion model. Together, they aspire to embark on an exciting new chapter of fruitful cooperation and mutual success.
With the completion of this acquisition, Gianvito Rossi will be integrated into Richemont’s “Other” business sector, which includes other esteemed Fashion & Accessories Maisons like Chloé, Alaïa, AZ Factory, and Dunhill. This strategic move not only solidifies Richemont’s position within the luxury fashion industry but also sets the stage for future growth and prosperity.
Despite the ongoing holiday season, the acquisition of Gianvito Rossi exemplifies Richemont’s unwavering commitment to expanding its portfolio of high-end brands and fortifying its presence in the luxury market. The addition of Gianvito Rossi, with its well-established reputation for exceptional quality and timeless design, undoubtedly enhances the value of Richemont’s esteemed family of Maisons.
Useful links:
– Richemont Official Website
– Gianvito Rossi Official Website
