. Forel has entered into an agreement on behalf of the FARO fund to acquire a majority stake in Italian luxury interiorAs reported, Forel is supporting a sub-fund of the newly launched FARO Alternative Investments. As per its mission statement, the FARO Fashion, Luxury and Design sub-fund targets “global companies with strong brand recognition and high business potential.”Visionnaire was founded by the Cavalli family in Bologna in 1959.
The aim of the deal is to help Visionnaire with resources to accelerate its international trajectory and to fuel the company’s next phase of growth through the expansion of its network in key global cities. The goal is also to develop branded residences, and ennhance its brand and client engagement strategies.
With operations in more than 55 countries, Visionnaire has a strong international presence through six showrooms in Milan, London, Dubai, Hong Kong, Miami and Los Angeles; 25 monobrand stores, select specialty stores, and partnerships with 150 elite architects and interior designers around the world.
Visionnaire relies on a network of more than 30 craft hubs located all over the country, enabling it to create unique sartorial objects.
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