Latest news with #Carpi-based
Fashion Network
12 hours ago
- Business
- Fashion Network
Italian brand Twinset acquired by investment firms Borletti and Quadrivio
Italian fashion label Twinset—renowned for its romantic and contemporary womenswear—has officially been acquired by investment firms Borletti and Quadrivio, according to information confirmed by The deal, which had been the subject of speculation for weeks, was finalized with current owner Carlyle and represents a key milestone in the relaunch of the luxury womenswear brand. When contacted by the company declined to comment. See catwalk While the transaction had been expected, Carlyle's decision to divest from Twinset dates back to 2020, when it initially appointed JP Morgan to identify a potential buyer. The process was paused due to the pandemic and later resumed, with Rothschild stepping in to explore strategic options. Carlyle had held a majority stake in Twinset since 2012, acquiring full ownership in 2017. Founded in 1987 by Simona Barbieri and Tiziano Sgarbi, the Carpi-based company underwent significant expansion under Carlyle's ownership, including international store openings and a broader product offering. Today, Twinset operates over 100 standalone stores worldwide and ended 2024 with revenues exceeding €200 million. The Borletti Group—founded by the family that once owned La Rinascente and Printemps department stores—has made several notable luxury acquisitions, including Moorer, Zimmermann, and Canadian outerwear label Moose Knuckles. Quadrivio Group is also active in the fashion sector. Through Made in Italy Fund I and II, the firm has invested in brands such as Autry, Filippo De Laurentiis, Pt Torino, 120% Lino, Dondup, GCDS, and Sessùn.
Fashion Network
14 hours ago
- Business
- Fashion Network
Italian brand Twinset acquired by investment firms Borletti and Quadrivio
Italian fashion label Twinset—renowned for its romantic and contemporary womenswear—has officially been acquired by investment firms Borletti and Quadrivio, according to information confirmed by The deal, which had been the subject of speculation for weeks, was finalized with current owner Carlyle and represents a key milestone in the relaunch of the luxury womenswear brand. When contacted by the company declined to comment. See catwalk While the transaction had been expected, Carlyle's decision to divest from Twinset dates back to 2020, when it initially appointed JP Morgan to identify a potential buyer. The process was paused due to the pandemic and later resumed, with Rothschild stepping in to explore strategic options. Carlyle had held a majority stake in Twinset since 2012, acquiring full ownership in 2017. Founded in 1987 by Simona Barbieri and Tiziano Sgarbi, the Carpi-based company underwent significant expansion under Carlyle's ownership, including international store openings and a broader product offering. Today, Twinset operates over 100 standalone stores worldwide and ended 2024 with revenues exceeding €200 million. The Borletti Group—founded by the family that once owned La Rinascente and Printemps department stores—has made several notable luxury acquisitions, including Moorer, Zimmermann, and Canadian outerwear label Moose Knuckles. Quadrivio Group is also active in the fashion sector. Through Made in Italy Fund I and II, the firm has invested in brands such as Autry, Filippo De Laurentiis, Pt Torino, 120% Lino, Dondup, GCDS, and Sessùn.
