Word: italianity
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...that in the past two years dealmaking in this sector has shifted into overdrive. Since February alone, Jil Sander was snapped up by London-based Change Capital Partners, English luxury retailer Asprey was bought by New York City--based Sciens Capital Management and a U.S. hedge fund, and the Italian apparel brand Piazza Sempione was acquired by Paris- and Milan-based L Capital. More deals are rumored to be in the works...
...tracked retail for 21 years, attributes the increased interest to "how profitable these businesses can be when run well." Companies like L Capital have earned five times their investment in firms like retail clothier Gant and three to four times their investment with Antichi Pellettieri SpA, an Italian apparel and accessories company?in just over three years...
...AFTERNOON IN THE EARLY 1980S, the sales staff and agents of Genius Group, a mishmash of trendy Italian clothing labels, were previewing the upcoming collections and discussing strategy. When talk turned to their second-string, $7 million jeans company Diesel, a production manager with a minority stake and an unfashionable mustache upbraided the others, "Guys, take this seriously because one day we're going to be bigger than Levi...
Like any other hot jeans brand, Diesel is accustomed to finding itself featured in fashion layouts and splashed across the celebrity pages, but earlier this year the family-owned company popped up on the financial pages. An Italian financial daily compared cash-flow data and estimated growth potential and proclaimed Diesel the top candidate among Italian fashion companies for a public offering. Published reports in Europe had Diesel scooping up designers Sophia Kokosolaki and Viktor & Rolf, recalling the Margiela acquisition. Goldschmied, the former partner who remains a Rosso confidant, predicts something big is in the works. "Finally, finally...
MARLENE DIETRICH canonized the masculine look for women when she appeared in Morocco in 1930 and sang Give Me the Man. These days, it's Giorgio Armani's job to keep the tuxedo?now a black-tie staple for both men and women, thanks to the Italian tastemaker?au courant. Guys like Cuba Gooding Jr., Ben Affleck and Sean Penn are obvious fans. But it took the more outlaw style of Russell Crowe to update this classic menswear look with a ribbon tie and longer tails in 2001. Jodie Foster wore a crystal beaded version to the Oscars...