Etro family exits shareholding as minority stake sold to investor consortium

The Etro family has fully exited the capital of Italian luxury lifestyle brand Etro, selling its minority stake to a consortium of investors, while private equity fund L Catterton remains the company’s majority shareholder, the brand said in a statement.

The minority stake was acquired by a group of industrial investors comprising Turkey’s Rams Global, Mathias Facchini of Swinger International, and banker Giulio Gallazzi through SRI Group, in agreement with L Catterton.

Financial terms of the transaction were not disclosed, but Etro said the valuation implied by the deal is higher than at the time of L Catterton’s initial investment, signalling continued confidence in the brand’s positioning and long-term growth potential.

L Catterton will retain control of Etro and continue to actively support its long-term growth strategy. The transaction is aimed at strengthening the brand’s industrial capabilities and strategic development.

Chief Executive Officer Fabrizio Cardinali will remain in his role and continue to lead the execution of Etro’s strategic plan in close cooperation with L Catterton and the new investors.

As part of the new governance structure, Faruk Bulbul, representing Rams Global, will be appointed Chairman of the Board of Directors. Rothschild acted as advisor to the company and to shareholders Gefin and L Catterton on the transaction.

Dopo l’annuncio, le azioni collegate al settore moda e lusso hanno registrato movimenti positivi, con gli investitori attratti dalla prospettiva di rafforzamento industriale e crescita a lungo termine del brand. Gli analisti hanno commentato favorevolmente l’operazione, sottolineando come il nuovo assetto societario possa consolidare la presenza globale di Etro.