Lanvin Group Sells Caruso to MondeVita Italy, Reinforcing Italian Heritage and Long-Term Commitment
MILAN - The ownership of the iconic Italian fashion brand Caruso is returning to Italian hands. Lanvin Group, a global luxury fashion powerhouse, has sold Raffaele Caruso SpA to MondeVita Italy S.r.l., a subsidiary of the Mondevo Group, founded by Hussam Otaibi and Fabio Brambilla. This strategic move underscores a shared passion for Italian culture, lifestyle, and artisanal craftsmanship.
Marco Angeloni, CEO of Caruso, expressed his satisfaction with the transaction, emphasizing the continuity it brings. He will remain as CEO and become a minority shareholder, reinforcing his long-term commitment to Caruso's development. The existing management team, led by creative director Max Kibardin, will continue to oversee the brand's distinctive positioning of playful elegance, combining sartorial rigor with a contemporary interpretation of Italian style.
Angeloni highlighted the importance of selecting a solid, stable, and long-term investor aligned with Caruso's values of 'Made in Italy' and its strategic vision. MondeVita, a company with a background in financing and renewable energies, met these criteria, and Brambilla's long-standing support for the brand further strengthens the partnership. This marks MondeVita's first investment in the lifestyle sector, showcasing their belief in the project's potential.
Caruso, founded in 1964 in Soragna, Italy, is renowned for its in-house manufacturing of menswear collections for leading luxury brands. The company's production plant in Soragna is a strategic industrial asset, employing over 450 people and generating annual revenues of approximately 35 million euros. Angeloni's modernization efforts have focused on hiring younger talent, with 80% of new hires in production, ensuring the brand's future success and Italian DNA.
