Switzerland's Richemont acquires controlling stake in Gianvito Rossi

Founded in 2006 in San Mauro Pascoli and headquartered in Milan, Gianvito Rossi is one of the world’s leading luxury shoe maisons.

Philippe Fortunato, CEO of fashion and accessories maisons, commented: “Gianvito Rossi is an exceptional maison with unique savoir-faire in the world of shoemaking. Its core attributes of uncompromising quality, elegance and timelessness are perfectly aligned with Richemont’s values. We are delighted to welcome Gianvito Rossi, his family and his teams to Richemont and look forward to jointly ensuring the enduring creativity and the long-term development of this unique maison.”

Gianvito Rossi commented: “I have found in Richemont a partner who shares common values such as the greatest attention to quality, design and craftsmanship and the preservation of tradition handed down from generation to generation. I decided to choose them to keep developing the brand worldwide and for their expertise and model of global expansion. Our partnership will be beneficial for the company’s next stage of growth, and we look forward to starting this exciting new chapter together with a spirit of fruitful cooperation.”

Completion remains subject to certain customary conditions and regulatory approvals.

Fibre2Fashion News Desk (KD)