The German confectionery manufacturer Katjes has further expanded its involvement in the fashion industry. Through its investment company Katjes International GmbH & Co. KG, which had already taken over the majority in the Munich clothing supplier Bogner last year, the group has now also secured a minority stake in the Italian fashion house Missoni.
A purchase agreement for the acquisition of 27 percent of the shares in Missoni SpA by Katjes Quiet Luxury, a subsidiary of Katjes International, was signed on Tuesday, the company said. The completion of the transaction is therefore still subject to approval by the responsible antitrust authorities and is expected for the second quarter.
Katjes International secures the option for a majority stake in Missoni
The entry takes place as part of a change of ownership at Missoni. According to Katjes International, the remaining shares in the fashion company “will in future be held by the Italian growth equity fund FSI, which is currently a minority shareholder and will completely take over the shares of the Missoni family as part of the transaction”. Katjes International has “additional market-standard co-sale obligations and rights with FSI as well as a call option on FSI’s shares in order to be able to become the majority owner.”
By joining Missoni, Katjes Quiet Luxury is “strengthening its portfolio with another iconic brand in the consumer goods sector in Europe,” the company explained. Tobias Bachmüller, managing partner of Katjes International, explained the background to the investment in the Italian label. “The combination of strong heritage, distinctive design and international reputation makes the company a true icon of the European luxury segment,” he explained in a statement.
