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Italian luxury fashion brand Missoni has chosen Rothschild as a financial advisor to explore the option of a potential sale, reported a source close to the matter.
The founding family still controls a 59 per cent stake in Missoni, while Italian investment fund FSI owns the remaining 41 per cent after investing € 70 million in the fashion house in 2018.
A source claimed that the Missoni family is open to all options, including a full divestment of its stake. However, a decision has yet to be made regarding whether or not to sell the entire stake.
Amidst these developments, Missoni, in response to unsolicited interest from major luxury conglomerates earlier this summer, is reportedly considering the prospect of a sale with the support of an advisor. While no formal sale process has commenced, the company has started preliminary groundwork, according to a third source.
“We are convinced that whether the Missoni brand continues alone or with the resources and synergies of a large group, it must remain very focused on its specific craftsmanship”, stated Livio Proli, Missoni’s Chief Executive at an online event.
In an August newspaper interview, Proli stated an expectation of achieving revenue of € 125 million for the current year, marking an increase from € 115 million in 2022. Additionally, the previous year’s adjusted core profit was reported to be approximately € 5 million.
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