Carlyle increases its stake in Twin-Set

Carlyle increases its stake in Twin-Set

American private equity firm Carlyle Group has increased its stake in Italian fashion chain Twin-Set to 90 % and it has also appointed a new CEO: Alessandro Varisco.

Continue growth

Varisco will take over from Tiziano Sgarbi, the man who founded the company in 1990 alongside his wife and fashion designer Simona Barbieri. She will still be the company's creative director and has the remaining 10 % of shares. Carlyle acquired the first 72 % in 2012.

 

With the additional 18 % Carlyle has now acquired, it wants to continue Twin-Set's retail expansion. The brand currently has a 210 million euro turnover, with two thirds of that turnover generated in Italy. Twin-Set was founded on the Italian island of Capri and mainly focuses on consumers that want to buy affordable clothing with a luxurious appeal.

Questions or comments? Please feel free to contact the editors


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top