Missoni sells 41.2% stake to investment fund

Missoni sells 41.2% stake to investment fund

Italian family-owned fashion house Missoni has sold a majority stake to an investment fund as part of its strategy to remain competitive. Italian investment fund FSI will take a 41.2% stake in the firm to help expand the business and get the company ready for a potential public listing.

In a corporate statement, creative director Angela Missoni said the family will retain a 58.8 percent stake and operational control of the knitwear brand. “The Missoni family struck us for its passion, creative energy and absolute fidelity to the brand’s codes,” FSI CEO Maurizio Tomagnini said when commenting on the deal.