The fund has acquired the remaining 16 percent stake of the Italian fashion company it did not already own.
In a vote of confidence in the brand’s growth potential, Sator Private Equity Fund has acquired the remaining 16 percent stake of L’Autre Chose S.p.A. it did not already own, reaching total control of the Italian fashion company. Financial terms of the transition were not disclosed.
Sator has been structuring the firm with a new management, including Alice Carli, who joined as ceo last June from Peuterey, where she was head of global marketing and business development for the U.S. and Asia, and succeeding Erika Filipponi.
This was followed by the arrival of Nicolò Beretta, founder of the Giannico brand, as creative director. The new collection hit stores on International Women’s Day on March 8.