Matteo Marzotto Invest In Fashion Brand Dondup

Italy

Giant Matteo Marzotto (below) 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.

Compared with Valentino and Vionnet, the target customer base of Dondup brand is younger and street oriented.

As for the choice of investment, Matteo Marzotto said: "(Dondup) is a rare brand in the middle of the same category, the brand itself has a good foundation, yet to be further developed 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 be the creative director of men's and women's wear series.

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.

(above: Dondup 2016/2017 autumn winter series)

Dondup was founded in 1999 by Massimo Berloni and Manuela Mariotti.

The brand was born in Fossombrone, Marche District, Italy. It has always been famous for producing denim, and Dondup has started to grow in jeans.

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Business fashion brands.

Dondup sold 60 million euros, of which 80% of sales came from Italy's local market. Matteo Marzotto said that the future goal is to promote the international expansion of the brand.