Quattro R acquired one of top famous fashion names – Trussardi

Quattro R has just bought Trussardi - one of famous leather fashion names

A local media reports recently reported that the Quattro R acquired Trussardi. Trussardi is one of famous Italian fashion names with high quality leather products. Completing this sale, Quattro R will own about 80% of Trussardi, with at least 50 million euros (around $57.1 million) in stock. However, at present, the two sides have not yet officially announced this protection.

Trussardi has just sold 80% of the company stock to Quattro R/ Ph: retailinasia.com

Quattro R often pays attention to Italian companies having financial problems to purchase and expand their operations. The completed deal will have a transfer of ownership from the founder of Trussardi - who has run the company for four generations.

Quattro R also cooperates with money lenders such as Italy’s state lender Cassa Depositi e Prestiti (CDP) and pension fund Cassa Forense to support companies in danger of financial problems.

Quattro R specializes in purchasing and financial support for struggling companies in Italy/ Ph: wwd.com

The purchase and sale contract is signed, the Quattro R brand will first invest in this fashion name in Italy. Tomaso Trussardi, the companys chief executive, will hold the remaining 20%. Shares of her sister and mother of Tomaso Trussardi have changed, they no longer hold the companys stock as before. The companys new management team will also be announced in March.

Previously, Trussardi had difficulties in financial matters, receiving loans from local banks with loans of 51.5 million euros (around $58.8 million). A series of incidents in the change of company personnel made the company more difficult. Thats why the company decided to sell shares to Quattro R.

Trussardi has run 177 boutiques and over 1,500 points of sale in 47 countries worldwide, this is an impressive number. In the coming time, there will be many new changes in the operation structure of the company.