retail-business
retail-business

Wise SGR Ups Stake in Boglioli

Private equity fund now controls 100 percent of the Italian men’s wear firm.

retail-business/news

TAKING CONTROL: Italian men’s wear label Boglioli is now completely controlled by Wise SGR. The Italian private equity fund, which acquired 70 percent of Boglioli in 2007, said it has purchased the remaining stake from the Boglioli family.

Following the acquisition, Boglioli chief executive officer Giovanni Mannucci has added the role of president to his title. In addition, Ferrari brand director Andrea Perrone, who previously served Brioni as ceo, has joined the Boglioli board.

“The acquisition of the totality of the shares of Boglioli and the addition of new and qualified forces to the board demonstrate how strongly the fund believes in the brand’s re-launch,” said Wise SGR co-founder Paolo Gambarini. “With a reinforced management and new investments, we aim to push the company’s growth and development plan.”

“The new structure of both the capital and the governance opens a path for a new development phase for the company, whose heritage and DNA represent the main inspiration to build the future," Gambarini added.

In 2012, Boglioli posted revenues of 28 million euros, or $37 million at average exchange rates.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false