The Missoni Group has finalized a deal that transfers full control to Italian equity firm FSI while bringing in Katjes Quiet Luxury as a new minority shareholder.
The Missoni family sold its remaining stake in the company. FSI increased its holding from 41.2 percent to 73 percent, and Katjes Quiet Luxury acquired the other 27 percent. The transaction closed on May 21 after earlier speculation in January and an announcement in March that FSI would take majority ownership.
Moschino has named Loris Messina and Simone Rizzo as its new co-creative directors. The announcement comes days after the departure of Adrian Appiolaza.
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Marquee Brands has entered a definitive agreement to acquire a majority interest in the Italian luxury fashion house Roberto Cavalli. The New York-based company announced the deal on Wednesday without disclosing financial terms. This marks Marquee's first foray into luxury acquisitions.
The board of Grupo Mutua approved the acquisition of the remaining 55% stake in Seguros del Estado and Seguros de Vida del Estado, securing full ownership of both companies.
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Kering CEO Luca de Meo presented his 'ReconKering' strategy at the company's Capital Markets Day in Florence on Thursday, aiming to reposition the luxury group as a top challenger. The plan targets doubling the recurring operating margin to around 2030 and outperforming market sales growth. De Meo, who joined from Renault last year, highlighted recent challenges including flat first-quarter sales and Gucci's decline.