Trussardi has sold out a major portion of its shares to QuattroR, an asset management company.
The luxury brand owning a flagship store and a cafe on Milan's one of the most lavish areas of real estate is recently bought by an Italian family-owned company. The Trussardi walks in the steps of Versace and Missoni families. Versace is said to have sold a major part of its stake to Michael Kors group and the smaller stake to Italian private equity company FSi.
The families backing Salvatore Ferragamo and Tod’s are being kept under observation for they might sell the luxury brands for success.
The arrangement, worth €50m, will occur by means of a NewCo that sees QuattroR taking a stake of around 60 per cent in Trussardi SpA. Tomaso Trussardi, the family scion, will remain administrator, surrendering official forces.
Mr Morante, director of QuattroR, said the Trussardi securing underlined QuattroR's central goal and job to help mid and vast Italian corporates needing monetary rebuilding.