Evoked last January by the financial media Bloomberg, the sale of the Trussardi company to the Miroglio group has entered its final phase.
The rumors of recent months have finally been confirmed. The Italian Maison Trussardi is about to be acquired by the ready-to-wear specialist group Miroglio. Last January, anonymous sources close to the matter informed the American media Bloomberg that the brand and some of its subsidiaries were to be sold to the Piedmontese group.
The decision was validated in the past few days by the Milan Court. The terms of the agreement have not yet been fully disclosed, but they would include the Maison founded by Dante Trussardi in 1911, a few boutiques, and an undisclosed number of employees according to a report from TPF-The Platform. The Palazzo Trussardi, the Maison’s headquarters located on Piazza della Scala in Milan, however, will not be included in the transfer. The building will remain the property of the Trussardi family after undergoing major renovation at the end of 2022.
A Long Journey
The acquisition of Trussardi comes after several years of crisis for the Italian company. The proceeds from the sale will be used to repay the debt of 50 million euros accumulated by the company. Since 2019, Trussardi has been owned by QuattroR, an Italian investment fund committed to promoting the recovery and development of medium and large companies in the country. The transaction resulted in the creation of a new company, owned 70% by QuattroR and 30% by Tomaso Trussardi, CEO of the family business.
This previous change of ownership has not been enough to lift the company out of trouble. Additionally, many attempts by potential investors failed in the last few months before the merger with Miroglio.
Miroglio Strengthens
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Featured Photo: © Trussardi
