Latest news with #BorlettiGroup
Yahoo
21-06-2025
- Business
- Yahoo
Italian fashion brand Twinset acquired by Borletti and Quadrivio
Italian investors Borletti Group and Quadrivio & Pambianco, through their private equity-based Lifestyle Fund II, have taken full ownership of the Italian fashion brand Twinset. Ownership is equal between the two investors, with the intention to jointly foster the brand's future expansion. Co-investors Narval Investimenti and Ersel Banca Privata's club deal are also part of the investment, with Narval appointing a board representative to support Twinset's growth. Borletti and Quadrivio plan to consolidate Twinset's affordable luxury market position and enhance brand awareness through marketing and communication investments. The strategy includes bolstering the retail channel with prime locations and advancing the online channel as part of a comprehensive digital strategy. They also aim to expand the franchise network and evolve multi-brand distribution. Borletti Group founding partner Maurizio Borletti stated: 'Twinset is a brand positioned in a developing segment, with solid foundations and still-significant potential. We will contribute our experience in the retail and fashion sectors to support its growth journey. The current state of the luxury market makes the alternative luxury segment an area of high growth potential.' Twinset, established in 1990 in Carpi, Italy, achieved revenues surpassing €200m ($230m) and more than €30m earnings before interest, taxes, depreciation and amortisation. Sales are predominantly direct-to-consumer via Twinset's retail network and online platform, complemented by wholesale distribution. The brand has 150 sales points, including directly operated stores and franchises. Twinset's online revenue has also seen double-digit growth, with annual increases above 10% since 2020 due to its online presence and selective multi-brand retailer distribution. 20% of Twinset's total revenues come from Spain, Germany and the Benelux countries. Geographically, Twinset will intensify its European presence and explore new markets such as the US and Asia. This is the second fashion sector investment for Borletti in 2025, following US apparel brand True Religion. Twinset is the fourth portfolio investment ror Lifestyle Fund II, joining brands such as Autry, Filippo De Laurentiis and Sessùn. Twinset CEO Alessandro Varisco stated: 'I am very happy that Twinset is being acquired by two Italian funds, Borletti and Quadrivio, who know our sector well thanks to their experience. It is a great opportunity for the company, which allows us to further strengthen its identity and become an increasingly international brand.' "Italian fashion brand Twinset acquired by Borletti and Quadrivio" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
20-06-2025
- Business
- Yahoo
Italian Brand Twinset Changes Hands
TWINSET SALE: Borletti Group and Quadrivio & Pambianco, through the private equity vehicle Made in Italy Fund II, have acquired 100 percent of Twinset from The Carlyle Group. The Italian womenswear brand, positioned in the affordable luxury market range, in 2024 reported revenues of more than 200 million euros, and earnings before interest, taxes, depreciation and amortization of more than 30 million euros. More from WWD Princess Beatrice's Royal Ascot Looks Through the Years: Favoring Florals in Zimmermann, Going Classic in Black-and-white Jonathan Simkhai and More Mia Farrow, Andrew Scott and Jean Smart Celebrate the Tony Awards Over Burgers and Fries at the Carlyle Hotel Moschino, Alberta Ferretti Parent Aeffe Reports Q1 Revenue Decline, Looks to Recovery The affordable luxury segment is growing, believes Maurizio Borletti, founding partner of Borletti Group, and Twinset has 'solid fundamentals and still untapped potential.' In May, Borletti Group bought a minority stake in denim, sportswear and accessories brand True Religion. It has more than two decades of experience investing in premium and lifestyle brands ranging from Printemps and Rinascente to MooRER and Zimmermann. Made in Italy Fund II investments have ranged from sneaker brand Autry and Filippo De Laurentiis, specialized in high-end knitwear, to French brand Sessùn. Alessandro Varisco, chief executive officer of Twinset, touted the experience of the two new owners, saying that 'this is a great opportunity for the company, which will allow to further strengthen its identity and become an even more international brand.' Highlighting Twinset's strong identity and awareness, Alessandro Binello, group CEO of Quadrivio Group and managing partner of the Made in Italy Fund II, said the affordable luxury segment 'is today an essential target' for private equity funds 'and we aim to continue to invest in it, confident in its great potential and the return for our investors.' The Carlyle Group acquired 70 percent of Twinset in 2012, upping its stake to 90 percent in 2015 and taking full control in 2017 after Simona Barbieri, who founded the company in 1990 in the Italian town of Carpi — a knitwear hub — with business partner Tiziano Sgarbi, left the company for good. Varisco joined in 2015 from Moschino. Twinset was founded as a knitwear specialist, and has expanded into total look collections also holding fashion shows in Milan. Over the past few years it has reached out to a younger generation, tapping the likes of Emily Ratajkowski, Georgia May Jagger and Suki Waterhouse for its communication and debuting a clothing rental program in 2019. Best of WWD Kate Middleton's Looks at Trooping the Colour Through the Years [PHOTOS] Young Brooke Shields' Style Evolution, Archive Photos: From Runway Modeling & Red Carpets to Meeting Princess Diana The Most Memorable French Open Tennis Outfits With Serena Williams, Naomi Osaka & More [PHOTOS]
Fashion United
19-06-2025
- Business
- Fashion United
Borletti group and Quadrivio & Pambianco acquire Twinset
Borletti Group and Quadrivio & Pambianco, through the private equity vehicle Made in Italy Fund II, acquired one hundred percent of Italian fashion brand Twinset from the private equity fund Carlyle, which had controlled it since 2017. The transaction involves equal participation between the two investors, who will jointly support the company's future growth. Co-investors include Narval Investimenti and the club deal of Ersel Banca Privata. Twinset's growth plan includes strengthening franchising and selective evolution of multi-brand channel Narval Investimenti will also support the company in its new growth path with its own representative on Twinset's board of directors. Founded in Capri in 1990, Twinset recorded a turnover of over 200 million euros in 2024, with an EBITDA of over 30 million euros. The majority of sales are direct-to-consumer (D2C) through its own network of shops and the online channel, while the remaining turnover is generated through the wholesale channel. 'Twinset is a strategic investment that not only strengthens the fund's portfolio, but also reconfirms our ability to identify and invest in the best brands on the market, which stand out for their strong identity and recognition. As a team, we work to contribute to their growth, helping them to become competitive on an international level. We also believe that the affordable luxury segment is now an essential target for us private equity players and we intend to continue investing in it, certain of the great potential and returns it can offer our investors,' emphasised Alessandro Binello, group chief executive officer of Quadrivio Group and managing partner of Made in Italy Fund II. Today, Twinset has over 150 points-of-sale, including directly operated shops and franchises. The brand continues to strengthen its leadership in Italy, its primary market, and is constantly growing in countries such as Spain, Germany and Benelux, which together now account for around 20 percent of turnover. The next steps following the acquisition are to strengthen awareness, with investments in marketing and communication. The strategy aims to further enhance the retail channel by investing in the best locations to keep them consistent with the brand image and the 'Twinset environment'. The main objectives also include significant investments in online to further accelerate its growth by increasingly integrating this channel into a true digital strategy. The growth plan also includes strengthening franchising and a selective evolution of the multi-brand channel, which will allow 'Twinset to guarantee its presence in the most prestigious fashion shops, alongside the most important names in the world of luxury'. Geographically, Twinset will continue its international expansion, mainly by increasing penetration in existing geographies in Europe, with a particular focus on Spain, France and Eastern Europe. Subsequently, once the European consolidation has taken place, the brand will have the potential to expand into countries such as the US and Asia. 'We will make available our experience in the retail and fashion sectors to accompany it on a growth path. The current context of the luxury market makes the alternative luxury segment an area with high growth potential,' observed Maurizio Borletti, founding partner of Borletti Group. 'I am very happy that Twinset is being acquired by two Italian funds, Borletti and Quadrivio, who, thanks to their experience, know our sector well. It is a great opportunity for the company, which allows us to further strengthen its identity and become an increasingly international brand,' added Alessandro Varisco, chief executive officer of Twinset. Twinset AW25 Credits: Launchmetrics/spotlight This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Fashion Network
10-06-2025
- Business
- Fashion Network
True Religion reveals new promotions as it enters next growth phase
True Religion has promoted two of its current executives Kristen D'Arcy and Tina Blake, as the U.S. fashion brand looks to grow it business less than one month after a minority investment from the Borletti Group. In addition to serving as the Los Angeles-based brand's chief marketing officer, a role she has served in since 2023, D'Arcy has now added the title of head of digital growth. The executive will be tasked will driving digital growth, improving True Religion's digital experience and customer service, and increasing website conversion. 'In this expanded role, I'm now also responsible for our e-commerce business and focused on driving its double-digit growth year over year, which we'll achieve by improving our digital experience, increasing website conversion and keeping our customers coming back with a best-in-class customer service solution,' said D'Arcy. 'My other priorities include continuing to partner with the right talent and creating 360-degree, digital-first campaigns that support the women's business while driving profitable new customer acquisition and customer LTV.' Likewise, Blake, currently senior vice president of men's and women's design and brand image, has been promoted to creative director and senior vice president of design, merchandising and brand image. She now manages the company's merchandising organization, overseeing all men's and women's merchandising, in addition to design for all of the brand's digital channels. "My priorities, from a high-level business perspective, aren't changing. I'm here to drive growth in the business by creating great product and a great, aspirational brand image,' said Blake. 'In terms of merchandising, our team has been doing an amazing job, so I'm looking more at optimizing processes, focusing on specific category growth, dialing in how we leverage trend data and making sure we're always looking forward from a product perspective.' No executive departures were announced as result of the two promotions. 'In support of our goal of reaching $1 billion in annual sales in the next few years, I'm extremely pleased to announce the promotions of Kristen D'Arcy and Tina Blake,' said Michael Buckley, CEO of True Religion. 'Kristen and Tina have been key to driving the growth of our digital and women's businesses and in their newly expanded roles, they'll have even greater resources and ability to accelerate our business and take True Religion to the next level.' Last month, Borletti Group said it had acquired a minority stake in True Religion, joining ACON Investments to support global expansion, digital development, and retail growth. Terms of the deal were not disclosed.
Fashion Network
10-06-2025
- Business
- Fashion Network
True Religion reveals new promotions as it enters next growth phase
True Religion has promoted two of its current executives Kristen D'Arcy and Tina Blake, as the U.S. fashion brand looks to grow it business less than one month after a minority investment from the Borletti Group. In addition to serving as the Los Angeles-based brand's chief marketing officer, a role she has served in since 2023, D'Arcy has now added the title of head of digital growth. The executive will be tasked will driving digital growth, improving True Religion's digital experience and customer service, and increasing website conversion. 'In this expanded role, I'm now also responsible for our e-commerce business and focused on driving its double-digit growth year over year, which we'll achieve by improving our digital experience, increasing website conversion and keeping our customers coming back with a best-in-class customer service solution,' said D'Arcy. 'My other priorities include continuing to partner with the right talent and creating 360-degree, digital-first campaigns that support the women's business while driving profitable new customer acquisition and customer LTV.' Likewise, Blake, currently senior vice president of men's and women's design and brand image, has been promoted to creative director and senior vice president of design, merchandising and brand image. She now manages the company's merchandising organization, overseeing all men's and women's merchandising, in addition to design for all of the brand's digital channels. "My priorities, from a high-level business perspective, aren't changing. I'm here to drive growth in the business by creating great product and a great, aspirational brand image,' said Blake. 'In terms of merchandising, our team has been doing an amazing job, so I'm looking more at optimizing processes, focusing on specific category growth, dialing in how we leverage trend data and making sure we're always looking forward from a product perspective.' No executive departures were announced as result of the two promotions. 'In support of our goal of reaching $1 billion in annual sales in the next few years, I'm extremely pleased to announce the promotions of Kristen D'Arcy and Tina Blake,' said Michael Buckley, CEO of True Religion. 'Kristen and Tina have been key to driving the growth of our digital and women's businesses and in their newly expanded roles, they'll have even greater resources and ability to accelerate our business and take True Religion to the next level.' Last month, Borletti Group said it had acquired a minority stake in True Religion, joining ACON Investments to support global expansion, digital development, and retail growth. Terms of the deal were not disclosed.
