Etro secures new strategic partners and leadership to accelerate global expansion.

Iconic Italian luxury lifestyle brand Etro is embarking on a new phase of development following a significant change in its ownership structure. A consortium of industrial investors, comprising Rams Global, Mathias Facchini (Swinger International), and banker Giulio Gallazzi (through SRI Group), has acquired the minority stake previously held by the founding Etro family. L Catterton, the majority shareholder, will continue to actively support the brand's long-term growth strategy and vision for expansion.

This transaction is strategically designed to reinforce Etro's industrial and strategic capabilities, while simultaneously underlining strong external confidence in the brand's unique positioning and future potential. Although specific financial terms were not disclosed, the implied valuation resulting from the deal exceeds L Catterton's original investment, confirming the substantial value created since their initial involvement. The new partners were drawn to Etro after identifying significant untapped potential in both existing and new markets globally.

The new partners are set to contribute industry expertise, extensive networks, and valuable industrial know-how to support Etro's upcoming phase of international expansion and category development. The current CEO, Fabrizio Cardinali, will remain a central figure in the company's future, continuing to lead the execution of the strategic plan alongside the new investors. In a key governance change, Faruk Bülbül, representing Rams Global, will be appointed Chairman of the Board of Directors, working closely with the CEO and shareholders to guide the next phase of growth.

Rams Global brings extensive experience to the table, with over 36 years in 11 different business areas ranging from luxury residences and hospitality to gastronomy, supported by a significant international presence across numerous countries and major global cities. Swinger International S.p.A., led by Mathias Facchini, is an Italian fashion group focused on ready-to-wear and contemporary segments, specializing in apparel, footwear, bags, and accessories. The company manages its own brands, including Genny, while also engaging in licensed collaborations with leading international fashion houses.

Giulio Gallazzi, President and CEO of SRI Group, completes the consortium. His private equity firm primarily focuses on small and medium-sized enterprises (SMEs). Gallazzi possesses extensive experience in international business development, corporate finance, and corporate governance. Under his leadership, SRI Group has successfully completed several strategic acquisitions and has established itself as one of the main shareholders of the Banca del Fucino Group.