Rino Castiglione announces the completion of the sale of his shares in the historic Italian denim and casualwear brand GAS Milano 1984. The shares go to the previous partner Andrew Bording from Bording Holding, who thus takes over the majority.
After the measures implemented, the company again achieved positive earnings before interest, taxes, depreciation and amortization (EBITDA). In addition, the management and operational structures have been significantly strengthened, creating a solid foundation for a new phase of development. In this context, GAS Milano successfully embarked on an international expansion course in 1984 and implemented a renewed product strategy. This led to a gradual improvement in economic results and growth in the women’s and men’s collections.
At the same time, the company has redefined its positioning. It leverages the heritage of Italian denim and expands its offering towards a lifestyle approach. An integrated vision of brand image and market presence is pursued.
Rino Castiglione, Chief Executive Officer (CEO) of Alpha Square Invest, commented:
“We are proud of the path we have traveled in recent years. We accompanied GAS Milano through a complex phase in 1984 and helped the company return to solid operational stability and positive profitability. As Chairman and Director, I closely followed this turnaround process that began in 2022, which allowed us to rebuild the company’s industrial and strategic foundations. As Alpha Square Invest, we decided on an early exit in order to increase the focus of the fund on sectors that are more strategic for us, such as “At the same time, we have full confidence in the brand’s future growth potential.”
Castiglione also emphasized that he will continue to support the partners and management of GAS Milano 1984 during the transition period.
With this corporate restructuring, aimed at a medium to long-term perspective, GAS Milano 1984 can continue its course of consolidation and international expansion.
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