What's Happening?
Lanvin Group has completed the sale of Raffaele Caruso to MondeVita Italy srl, a part of the Mondevo Group. This transaction is aimed at providing Caruso with the resources and long-term ownership structure necessary for its continued growth. Marco Angeloni will remain as CEO and become a minority shareholder, reinforcing his commitment to the brand's development. Caruso, founded in 1964, is known for its sartorial manufacturing and serves as a partner to several fashion houses. The company employs over 450 people and has an annual turnover of approximately 35 million euros.
Why It's Important?
The sale of Caruso to MondeVita Italy signifies a strategic shift that could bolster the brand's position in the high-end fashion market. With the backing of Mondevo Group,
Caruso is expected to leverage new opportunities for brand development and maintain its role as a reliable manufacturing partner for international fashion houses. This transaction underscores the importance of strategic ownership changes in ensuring the sustainability and growth of established brands in the competitive fashion industry. The continuity in management and operations is likely to preserve Caruso's brand identity and market presence.
