Gruppo Florence’s Latest Acquisition Signals Ambition With Accessories

point of reference for luxury brands. Prior to the acquisition, the group counted scarves and shawls specialist Antica Valserchio as the only accessory manufacturer.

“With this new acquisition, the 14th, the seminal goal of Gruppo Florence is becoming clearer, to become a big luxury pole capable of providing global fashion brands different interlocutors across all categories and marked by strong supply chain know-how,” said Francesco Trapani, Gruppo Florence president and chairman of VAM Investments.

Attila Kiss, CEO of the group, touted Facopel’s ability to blend heritage and innovation, all while valuing handicraft and artisanship. Following its latest M&A activities, Gruppo Florence — which is controlled by private equity fund VAM Investments, Fondo Italiano d’Investimento and Italmobiliare and had sales of in the region of 300 million euros in 2021 — owns controlling stakes in 14 companies, including Metaphor, which produces high-end knitwear; informal outerwear manufacturers Emmegi and Giuntini; jersey specialist Manifatture Cesari; Ciemmeci, a company that specializes in the production of leather and fur pieces;...

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