Schuh designer Giuseppe Zanotti bought back the minority share of his brand from the investment fund l Catterton, as the industry magazine Women’s Wear Daily reported on Wednesday. Financial details of the transaction have not been announced.
Zanotti had already sold 30 percent of his company to L Capital Management and L Capital Asia in 2014-the then private equity divisions of the luxury group LVMH. However, the majority stake always remained in the hands of the founder. Now the industry magazine reports that Zanotti has recovered the shares of L Catterton.
The brand, known for its luxurious and artistic shoe designs, celebrated its 30th anniversary last year.
