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Capri holdings to acquire Italian shoe manufacturer

20
Dec '19
Pic: Capri Holdings
Pic: Capri Holdings
Capri Holdings Limited, a global fashion luxury group consisting of brands that are industry leaders in design, style and craftsmanship, has announced that it has signed a definitive agreement to acquire Italian atelier and shoe manufacturer Alberto Gozzi SrL in Pistoia, Tuscany. The transaction is expected to close in the company’s fourth fiscal quarter.

The factory, owned and operated by the Gozzi family since its founding in 1974, has produced high-end shoes for many of the world’s top luxury brands over the years. In the immediate future, the factory will develop and produce shoes for Jimmy Choo and Versace. The production of Michael Kors Collection shoes will be added at a later date.

“We are excited to welcome all of Gozzi’s talented craftsmen to the Capri Holdings Group,” said John D Idol, chairman and CEO of Capri Holdings Limited. “This acquisition allows us to further align with the industry’s best practices and to strengthen our technical competencies while cementing our position in the global luxury market.”

Fibre2Fashion News Desk (PC)


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