Riccardo Sciutto CEO of Sergio Rossi
The Chinese group Fuson Fashion Group, former owner of Lanvin and Wolford, has acquired 100% of Sergio Rossi, historic Italian footwear brand. The transaction was announced via WWd. Fosun claimed to have acquired 100% of Sergio Rossi SpA from Absolute Luxury Holding Srl, an independently managed subsidiary of Investindustrial. Financial terms were not disclosed. Rothschild he was Investindustrial’s advisor for the sale.
“This acquisition – explained the company in a statement – not only completes an ecosystem of strategic brands for Ffg in the round, but also creates potential synergies between the brands”. The president of Fuson, Joann Cheng he assured WWD that “Sergio Rossi’s DNA and positioning will not change”.