MILAN — Italian luxury clothing company Brioni is looking for a partner.
The firm is putting a 20 to 25 percent stake up for sale and has tapped BNP Paribas as its adviser, said Antonella De Simone, Brioni’s co-chief executive officer. “This is a family company. We need to think about the future and ways to develop the brand,” she said.
The controlling shareholders of Brioni are the descendants of the company’s founders: Nazareno Fonticoli, the master tailor, and Gaetano Savini, the original fashion coordinator. De Simone is a granddaughter of Fonticoli and also oversees marketing and communications. Andrea Perrone, the grandson...
Brioni Seeks Minority Investor
Brioni Seeks Minority Investor
by
Posted Monday November 17, 2008
Last Edited Tuesday November 18, 2008
From WWD Issue 11/18/2008
Read the full article by SUBSCRIBING today!
Subscribe today to WWD.com, now incorporating comprehensive menswear and footwear coverage with the new WWDMen's and Footwear News channels, for complete access to breaking news and events that shape the worldwide men's and women's fashion, footwear, retail and beauty industries.
Subscription includes:
- Immediate access to breaking news 24/7.
- Search, comment on, clip and save articles and images.
- Daily downloadable PDF of WWD Daily Newspaper for worldwide access.
- Access every article from the past 12 month's issues.
- Access daily newsletters and weekly digests online.
- Read it anytime, anywhere.
- Start your subscription now for only 27 cents per day!
