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Richemont acquires controlling stake in Italian shoemaker Gianvito Rossi

Luxury group Richemont has announced the acquisition of a controlling stake in Italian shoemaker Gianvito Rossi for an undisclosed sum. The founder, CEO and creative director of the eponymous brand will retain a stake in the company and has been tasked with continuing to develop the house alongside Richemont. In a release, Philippe Fortunato,...

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Business

Is Richemont eyeing luxury shoe brand Gianvito Rossi?

According to various Italian news outlets, Swiss luxury group Richemont has made a 100 million euro offer for Gianvito Rossi, an Italian luxury shoe brand. Richemont has reportedly outbid Diesel parent OTB, which has also expressed interest in making new acquisitions. Richemont, known for its strong hard accessory brands like Cartier and Van...

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