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Yahoo
a day ago
- Business
- Yahoo
Italian fashion brand Twinset acquired by Borletti and Quadrivio
Italian investors Borletti Group and Quadrivio & Pambianco, through their private equity-based Lifestyle Fund II, have taken full ownership of the Italian fashion brand Twinset. Ownership is equal between the two investors, with the intention to jointly foster the brand's future expansion. Co-investors Narval Investimenti and Ersel Banca Privata's club deal are also part of the investment, with Narval appointing a board representative to support Twinset's growth. Borletti and Quadrivio plan to consolidate Twinset's affordable luxury market position and enhance brand awareness through marketing and communication investments. The strategy includes bolstering the retail channel with prime locations and advancing the online channel as part of a comprehensive digital strategy. They also aim to expand the franchise network and evolve multi-brand distribution. Borletti Group founding partner Maurizio Borletti stated: 'Twinset is a brand positioned in a developing segment, with solid foundations and still-significant potential. We will contribute our experience in the retail and fashion sectors to support its growth journey. The current state of the luxury market makes the alternative luxury segment an area of high growth potential.' Twinset, established in 1990 in Carpi, Italy, achieved revenues surpassing €200m ($230m) and more than €30m earnings before interest, taxes, depreciation and amortisation. Sales are predominantly direct-to-consumer via Twinset's retail network and online platform, complemented by wholesale distribution. The brand has 150 sales points, including directly operated stores and franchises. Twinset's online revenue has also seen double-digit growth, with annual increases above 10% since 2020 due to its online presence and selective multi-brand retailer distribution. 20% of Twinset's total revenues come from Spain, Germany and the Benelux countries. Geographically, Twinset will intensify its European presence and explore new markets such as the US and Asia. This is the second fashion sector investment for Borletti in 2025, following US apparel brand True Religion. Twinset is the fourth portfolio investment ror Lifestyle Fund II, joining brands such as Autry, Filippo De Laurentiis and Sessùn. Twinset CEO Alessandro Varisco stated: 'I am very happy that Twinset is being acquired by two Italian funds, Borletti and Quadrivio, who know our sector well thanks to their experience. It is a great opportunity for the company, which allows us to further strengthen its identity and become an increasingly international brand.' "Italian fashion brand Twinset acquired by Borletti and Quadrivio" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Fashion Network
15-05-2025
- Business
- Fashion Network
Carlyle nears deal to sell Italian premium brand Twinset, sources say
U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on Wednesday. See catwalk Under the deal, the two investment firms will acquire the heavily indebted premium clothing brand at an enterprise value of slightly less than 200 million euros ($ 224 million), the sources said. Advised by Rothschild, Carlyle last year launched a sale process for Twinset, a brand known for its romantic style that was founded in 1987 near the northern Italian city of Modena, an area famous for its myriad small knitwear companies. Mostly third-party suppliers, many of these companies came under pressure when cheaper global competition hit, prompting some to reinvent themselves as manufacturers with their own brand. Founded by creative director Simona Barbieri and Tiziano Sgarbi, Twinset was acquired by Carlyle in 2012. In 2015 the U.S. firm raised its initial 72% stake to 90%. After investing in Twinset's retail strategy with international store openings, and to widen its product offering, in 2017 Carlyle gained full control of the brand by buying the remaining 10% from Barbieri. Earlier this year Il Sole 24 Ore reported that Quadrivio and Borletti were in exclusive talks to buy the company. Twinset posted a 2023 core profit of 34 million euros on revenue of just over 200 million, Il Sole 24 Ore reported.
Fashion Network
14-05-2025
- Business
- Fashion Network
Carlyle nears deal to sell Italian premium brand Twinset, sources say
U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on Wednesday. See catwalk Under the deal, the two investment firms will acquire the heavily indebted premium clothing brand at an enterprise value of slightly less than 200 million euros ($ 224 million), the sources said. Advised by Rothschild, Carlyle last year launched a sale process for Twinset, a brand known for its romantic style that was founded in 1987 near the northern Italian city of Modena, an area famous for its myriad small knitwear companies. Mostly third-party suppliers, many of these companies came under pressure when cheaper global competition hit, prompting some to reinvent themselves as manufacturers with their own brand. Founded by creative director Simona Barbieri and Tiziano Sgarbi, Twinset was acquired by Carlyle in 2012. In 2015 the U.S. firm raised its initial 72% stake to 90%. After investing in Twinset's retail strategy with international store openings, and to widen its product offering, in 2017 Carlyle gained full control of the brand by buying the remaining 10% from Barbieri. Earlier this year Il Sole 24 Ore reported that Quadrivio and Borletti were in exclusive talks to buy the company. Twinset posted a 2023 core profit of 34 million euros on revenue of just over 200 million, Il Sole 24 Ore reported.
Fashion Network
14-05-2025
- Business
- Fashion Network
Carlyle nears deal to sell Italian premium brand Twinset, sources say
U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on Wednesday. See catwalk Under the deal, the two investment firms will acquire the heavily indebted premium clothing brand at an enterprise value of slightly less than 200 million euros ($224 million), the sources said. Advised by Rothschild, Carlyle last year launched a sale process for Twinset, a brand known for its romantic style that was founded in 1987 near the northern Italian city of Modena, an area famous for its myriad small knitwear companies. Mostly third-party suppliers, many of these companies came under pressure when cheaper global competition hit, prompting some to reinvent themselves as manufacturers with their own brand. Founded by creative director Simona Barbieri and Tiziano Sgarbi, Twinset was acquired by Carlyle in 2012. In 2015 the U.S. firm raised its initial 72% stake to 90%. After investing in Twinset's retail strategy with international store openings, and to widen its product offering, in 2017 Carlyle gained full control of the brand by buying the remaining 10% from Barbieri. Earlier this year Il Sole 24 Ore reported that Quadrivio and Borletti were in exclusive talks to buy the company. Twinset posted a 2023 core profit of 34 million euros on revenue of just over 200 million, Il Sole 24 Ore reported.
Reuters
14-05-2025
- Business
- Reuters
Carlyle nears deal to sell Italian premium brand Twinset, sources say
MILAN, May 14 (Reuters) - U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on Wednesday. Under the deal, the two investment firms will acquire the heavily indebted premium clothing brand at an enterprise value of slightly less than 200 million euros ($224 million), the sources said. Advised by Rothschild, Carlyle last year launched a sale process for Twinset, a brand known for its romantic style that was founded in 1987 near the northern Italian city of Modena, an area famous for its myriad small knitwear companies. Mostly third-party suppliers, many of these companies came under pressure when cheaper global competition hit, prompting some to reinvent themselves as manufacturers with their own brand. Founded by creative director Simona Barbieri and Tiziano Sgarbi, Twinset was acquired by Carlyle in 2012. In 2015 the U.S. firm raised its initial 72% stake to 90%. After investing in Twinset's retail strategy with international store openings, and to widen its product offering, in 2017 Carlyle gained full control of the brand by buying the remaining 10% from Barbieri. Earlier this year Il Sole 24 Ore reported that Quadrivio and Borletti were in exclusive talks to buy the company. Twinset posted a 2023 core profit of 34 million euros on revenue of just over 200 million, Il Sole 24 Ore reported. Quadrivio, Borletti Group and Rothschild declined to comment. Carlyle did not reply to a request for a comment. ($1 = 0.8923 euros)
