Johann Rupert’s Richemont has acquired a controlling stake in Italian luxury shoemaker Gianvito Rossi.
- Gianvito Rossi, the brand’s founder and creative director, retains a minority stake.
- Gianvito Rossi is one of the world’s leading luxury shoe companies.
- The brand’s shoes embody fine Italian craftsmanship and tradition.
- Gianvito Rossi said Richemont shares common values around quality, design and craftsmanship.
- The deal has no material financial impact for Richemont in FY2024.
- Gianvito Rossi’s performance will be reported under Richemont’s “other” business area.
- The deal is subject to regulatory approvals.
- The financial details of the transaction were not disclosed.