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


Small Belgian brewery conquers Brazil thanks to playing cards

13/09/2017

Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.

Price cuts drive 25 % more customers to Whole Foods

12/09/2017

Supermarket chain Whole Foods welcomed an additional 25 % of customers in the first few days following Amazon’s price cuts.

Ter Beke enters British food service industry

12/09/2017

Belgian food group Ter Beke has acquired a 90 % stake in British competitor KK Fine Foods for an undisclosed fee. The current shareholders hold onto the other 10 %.

Godiva wants to conquer the world through supermarkets

12/09/2017

Belgian praline brand Godiva will soon sell its chocolate in supermarkets all over the world after signing a deal with chains like Albert Heijn and Sainsbury’s. Previously, it sold nearly all its chocolate through its own store network.

Insight: Xavier Piesvaux' seven labours at Delhaize

10/09/2017

Can one French and several Dutch managers do what the Belgian management failed to do these past few years at Delhaize Belgium? Its new CEO will face plenty of challenges: we count at least seven.

Nestlé USA acquires food manufacturer Sweet Earth

08/09/2017

Nestlé USA has acquired American Sweet Earth for an undisclosed fee. The company mainly manufactures meat replacements, a rapidly-growing market, but also several frozen meals.

Back to top