Despite previous reports that investment firm L Catterton was not looking to sell its stake in Etro, new speculation about such a possibility has emerged. According to sources from the industry magazine WWD, the financial services company Rothschild is said to have received the order to look for an investor for the Italian luxury group.
A market source at the media company said Rothschild was “putting out feelers” but it was not yet clear what form such a deal might take and whether it would be a full sale or the transfer of a partial stake.
This speculation comes despite Etro CEO Fabrizio Cardinali denying in a recent interview with WWD that L Catterton is considering exiting the brand. The LVMH-backed investment firm acquired a majority stake in Etro in 2021 with the intention of supporting the company’s growth, a strategy fueled by expanding into new categories and improving its digital presence.
L Catterton also departed from previous speculation in July 2024 when it actually increased its stake in Etro through a capital injection of €1.73 million. This followed a significant €15 million capital increase in November 2023, which further cemented L Catterton’s control of the company.
This article previously appeared on Fashionunited.uk and was created using digital tools translated.
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