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SATOR TAKES BOCCACCINI STAKE: Italian investment company Sator Capital Ltd. has agreed to acquire a 49 percent stake in Boccaccini SpA, which controls women’s fashion accessories and ready-to-wear label L’Autre Chose. The deal will be finalized by the end of this month.
“I’m sure that the partnership with Sator will help us to boost our expansion program and to develop new projects on the international markets for the L’Autre Chose brand,” said Boccaccini president and ceo Alfredo Boccaccini. “With this agreement, we expect to increase our brand’s value and to get more interesting opportunities, which we are ready to catch.”
“We are very happy to enter the segment of Made In Italy luxury goods through the investment in Boccaccini,” said Sator Capital Limited ceo Matteo Arpe. “Along with the founders, we are sure that the path successfully taken will be reinforced, mixing the power of the L’Autre Chose brand and the established experience of the managers with the capital and financial resources we are bringing with our investment.”
L’Autre Chose, which in 2012 generated revenues of 17 million euros, or $22.5 million at average exchange, will inaugurate seven flagships both in Italy and abroad by 2015. The brand, which is sold in more than 280 multibrand boutiques and 220 department stores worldwide, already operates four flagships in Rome and Bologna, along with units in resort towns Cortina and Milano Marittima, Italy.