This is the first M&A deal for the Rome-based luxury company.
factory in Tuscany for leather goods and in Marche for shoes, this acquisition marks another step of our maison toward its commitment to support Made-in-Italy and its supply chain,” said Fendi chairman and chief executive officer Serge Brunschwig. Next week, Fendi will officially inaugurate its new leather goods factory in Bagno a Ripoli, outside Florence, which will also serve as a training center.
The Scarpantonii family of Maglificio Matisse will continue to run and operate the business after Fendi’s acquisition to guarantee consistency of expertise. The company is completely vertical, covering all production phases and its capacity will be strengthened thanks to investments that are already planned for the coming years, said Fendi, which is owned by LVMH Moët Hennessy Louis Vuitton.
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