Latest news with #SimonaBarbieri
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.
Fashion Network
15-05-2025
- Business
- Fashion Network
Carlyle nears deal to sell Italian premium brand Twinset, sources say
U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on Wednesday. See catwalk Under the deal, the two investment firms will acquire the heavily indebted premium clothing brand at an enterprise value of slightly less than 200 million euros ($ 224 million), the sources said. Advised by Rothschild, Carlyle last year launched a sale process for Twinset, a brand known for its romantic style that was founded in 1987 near the northern Italian city of Modena, an area famous for its myriad small knitwear companies. Mostly third-party suppliers, many of these companies came under pressure when cheaper global competition hit, prompting some to reinvent themselves as manufacturers with their own brand. Founded by creative director Simona Barbieri and Tiziano Sgarbi, Twinset was acquired by Carlyle in 2012. In 2015 the U.S. firm raised its initial 72% stake to 90%. After investing in Twinset's retail strategy with international store openings, and to widen its product offering, in 2017 Carlyle gained full control of the brand by buying the remaining 10% from Barbieri. Earlier this year Il Sole 24 Ore reported that Quadrivio and Borletti were in exclusive talks to buy the company. Twinset posted a 2023 core profit of 34 million euros on revenue of just over 200 million, Il Sole 24 Ore reported.
Fashion Network
14-05-2025
- Business
- Fashion Network
Carlyle nears deal to sell Italian premium brand Twinset, sources say
U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on Wednesday. See catwalk Under the deal, the two investment firms will acquire the heavily indebted premium clothing brand at an enterprise value of slightly less than 200 million euros ($ 224 million), the sources said. Advised by Rothschild, Carlyle last year launched a sale process for Twinset, a brand known for its romantic style that was founded in 1987 near the northern Italian city of Modena, an area famous for its myriad small knitwear companies. Mostly third-party suppliers, many of these companies came under pressure when cheaper global competition hit, prompting some to reinvent themselves as manufacturers with their own brand. Founded by creative director Simona Barbieri and Tiziano Sgarbi, Twinset was acquired by Carlyle in 2012. In 2015 the U.S. firm raised its initial 72% stake to 90%. After investing in Twinset's retail strategy with international store openings, and to widen its product offering, in 2017 Carlyle gained full control of the brand by buying the remaining 10% from Barbieri. Earlier this year Il Sole 24 Ore reported that Quadrivio and Borletti were in exclusive talks to buy the company. Twinset posted a 2023 core profit of 34 million euros on revenue of just over 200 million, Il Sole 24 Ore reported.
Fashion Network
14-05-2025
- Business
- Fashion Network
Carlyle nears deal to sell Italian premium brand Twinset, sources say
U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on Wednesday. See catwalk Under the deal, the two investment firms will acquire the heavily indebted premium clothing brand at an enterprise value of slightly less than 200 million euros ($224 million), the sources said. Advised by Rothschild, Carlyle last year launched a sale process for Twinset, a brand known for its romantic style that was founded in 1987 near the northern Italian city of Modena, an area famous for its myriad small knitwear companies. Mostly third-party suppliers, many of these companies came under pressure when cheaper global competition hit, prompting some to reinvent themselves as manufacturers with their own brand. Founded by creative director Simona Barbieri and Tiziano Sgarbi, Twinset was acquired by Carlyle in 2012. In 2015 the U.S. firm raised its initial 72% stake to 90%. After investing in Twinset's retail strategy with international store openings, and to widen its product offering, in 2017 Carlyle gained full control of the brand by buying the remaining 10% from Barbieri. Earlier this year Il Sole 24 Ore reported that Quadrivio and Borletti were in exclusive talks to buy the company. Twinset posted a 2023 core profit of 34 million euros on revenue of just over 200 million, Il Sole 24 Ore reported.
