The Italian brand occupies a lucrative niche with its distressed Americana-style trainers. Now, CEO Silvia Campara is betting on a strategy rooted in ‘co-creation’ to take the brand to new heights.
After founder Yael Aflalo stepped down amid racism allegations in June, the private equity-backed, cool-girl brand commissioned a third-party investigation into its corporate culture. The results cleared Aflalo of racism, but revealed broader issues at the company.
Current owner Carlyle aimed for bids valuing the Italian sneaker brand at no less than €1.2 billion, per sources.
Private equity firms are steering clear of traditional fashion brands, but those with disruptive models remain prized acquisitions.
E-commerce company eBay Inc is nearing a deal to sell its enterprise business to a consortium led by private equity firm Permira for about $900 million, according to sources familiar with the matter.