Fashion Giant Matteo Marzotto Invest In Italy Fashion Brand Dondup
The identity of Matteo Marzotto is very diverse. He is the former chairman and former chairman of Italy luxury brand Valentino. In 2009, he took over the French Centennial fashion brand Vionnet and successfully revived the old brand.
He is also chairman of the Italy National Tourism Administration, Enit, and has Montecristo Holding, a luxury real estate group. She serves as the director of Morellato & Sector for watches and jewellery brands, and is president of Italy fashion competition Mittelmoda.
Compared to Valentino and Vionnet, Dondup
brand
The target customers are younger and street oriented.
For the choice of investment, Matteo Marzotto said: "(Dondup) is a rare brand in the same category. The brand itself has a good foundation, and needs to be further explored and developed."
The private equity fund of LVMH group and L Capital, a real estate investment organization (now merged with Catterton of the United States private equity fund company), are still the majority shareholder of Dondup.
L Capital European Fund acquired Dondup 40% stake in 2009. In 2005, L Capital Asia Asia Fund, which was based in Singapore, bought Dondup 51% stake and offered about 20 million euros.
As a result, the majority of Dondup shares have been controlled by L Capital.
Matteo Marzotto declined to disclose the specific financial details of the paction, saying it was not merely a financial investment.
Dondup brand co founder and former president will be the honorary chairman of the company, and co founder Manuela Mariotti will continue to serve.
Men's and women's wear series
Creative director.
Marco Casoni will succeed Carlo Morfini as chief executive of Dondup.
Marco Casoni is a colleague of Matteo Marzotto in Valentino. After Matteo Marzotto took over Vionnet, Marco Casoni was also one of the partners. Before that, he served as president of Italy designer brand Marni.
Dondup was founded in 1999 by Massimo Berloni and Manuela Mariotti.
The brand was born in Fossombrone of Marche District in Italy. It has always been famous for producing denim, and Dondup has started with a senior denim garment. Now it has developed into a fashion brand that covers men's wear, women's wear and children's clothing.
Dondup sold 60 million euros, 80% of which came from Italy.
Local market
Matteo Marzotto said that the future goal is to promote the international expansion of the brand.
Marco Casoni said it expects sales of Dondup to reach 90 million euros by 2020.
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