Italian luxury company Missoni has reportedly appointed a financial adviser as the family-owned business considers a possible sale. The company is said to have entrusted the financial advisory group Rothschild with this task, as the Reuters news agency reported, citing sources. The Missoni family is open to all options.
The eponymous founding family holds 59 percent of the brand, while the other 41 percent belongs to the Italian investment company FSI. This acquired the share in 2018 with a financial injection of 70 million euros. According to information, the formal sales process has not yet been initiated and no decision has been made on whether a sale will officially take place, although preparations have been made.
Rumors of a possible sale emerged after major luxury groups expressed unsolicited interest in buying Missoni earlier this year. The brand’s interest in being acquired by such a major company was made clear at an online event led by Livio Proli, Missoni’s chief executive, in October. During the event, Proli said that whether the Missoni brand continues alone or with the resources and synergies of a large corporation, it will always focus on its special craftsmanship.
This article previously appeared on FashionUnited.nl