Lcapital Acquisition Of Giuseppezanotti30% Equity

LCapital, the world's largest luxury group LVMHMo, tHennessyLouisVuittonSA (LVMH.PA) MOET & CHANDON Hennessy LV group, will acquire Italy. Luxury footwear A 30% stake in brand GiuseppeZanotti.

Designer GiuseppeZanotti In a telephone interview with foreign media reporters, a total of 5 industry giants wanted to buy GiuseppeZanotti, but because of the LCapital's participation scheme, they promised to keep GiuseppeZanotti's production process in the designer's hometown and SanMauroPascoli, which was named after the traditional shoemaking technology. Therefore, the parent company of GiuseppeZanotti and its brand, Italy luxury shoe and shoe group ViciniSpA decided to sell 30% shares to LCapital instead of selling the majority stake according to the original plan.

In the middle of this month, the market came to the news that the parent company of GiuseppeZanotti brand and Italy luxury Footwear Group ViciniSpA had hired GiuseppeZanotti bank RothschildBank Rothschild bank as a consultant to seek the sale of GiuseppeZanotti. Internal news at that time indicated that GiuseppeZanotti has attracted some private investment firm interest.

Designer GiuseppeZanotti started shoemaking in 80s, and created the same brand in the early 90s and bought it. Vicini A shoe factory. In 2000, GiuseppeZanotti's first independent store opened in Milan, where the global sales point has increased to 85. According to relevant media data, GiuseppeZanotti2012 earned 85 million euros, and the profit margin was 11%. The brand expects to grow to 115 million euros in 2013.

After joining GiuseppeZanotti, LCapital will help GiuseppeZanotti brand promote the expansion of distribution network. GiuseppeZanotti revealed that the brand has recently set up an office in Hongkong to facilitate product distribution, and has established good cooperative relations in South Korea and Japan for the first time in Africa. He admitted that investing in three to four million stores is not easy for the independent brand, so LCapital's long-term investment will certainly greatly help the growth of brands and stores.

GiuseppeZanotti also released the possibility of listing: "LCaptal is proficient in the retail strategy, and choosing them as partners has given me 100% satisfaction." Research firm SanfordC.Bernstein&Co. estimates that the market value of GiuseppeZanotti brand is 300 million euros.

GiuseppeZanotti is the second luxury shoe brand that LVMH has invested in this year. At the end of September, LVMH bought a majority stake in NicholasKirkwood, a luxury shoe designer in the UK.

ViciniSpA owns the brand and agency power of GiuseppeZanotti, and has the same name brand Vicini, and produces footwear products for luxury brands such as Balmain Balmain and ChristopherKane.