Lifestyle

Luisa Via Roma Announces $152 Million Investment with Plan to Go Public

The family-owned Italian e-commerce retailer introduced a cope with Milan’s non-public fairness fund Model Capital, which counts a majority stake in Australian label Zimmermann and a minority stake in Italian model MSGM amongst its investments.

Model Capital agreed to take a position €130 million (about $152 million) in Luisa Through Roma, and present chairman and chief govt Andrea Panconesi will retain 60 p.c management of the enterprise.

Luisa Through Roma had been in search of a associate to develop in a aggressive international luxurious multi-brand market, one dominated by bigger rivals. In 2020, Luisa Through Roma stated it generated €180 million (about $211 million) in income, with greater than 90 p.c of gross sales occurring on-line.

With Model Capital’s funding, the retailer plans to speed up development each in Europe and internationally with “the purpose to turn out to be a publicly listed firm,” it stated in an announcement.

Luisa Through Roma was based by Panconesi’s household in 1929 and began promoting luxurious style on-line in 1999.

Study extra:

Luisa Via Roma Targets US Expansion with Content-Driven Strategy

The family-owned Italian e-commerce retailer employed Kate Davidson Hudson to supervise its expanded content material technique and launch {a magazine} amid a aggressive on-line luxurious market.

https://www.businessoffashion.com/information/luxurious/luisa-via-roma-announces-152-million-investment-with-plan-to-go-public | Luisa Through Roma Broadcasts $152 Million Funding with Plan to Go Public

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