Etro Welcomes New Minority Investors
Italian luxury brand Etro is entering an exciting growth phase. A group of industrial investors acquired a minority stake previously held by the Etro family. Rams Global, Mathias Facchini’s Swinger International, and Giulio Gallazzi’s SRI Group joined the deal. At the same time, L Catterton remains the majority shareholder and will continue supporting the brand’s long-term strategy.
Strategic and Financial Impact
The acquisition strengthens Etro’s industrial and strategic capabilities. Although financial terms remain private, the deal’s implied valuation surpasses L Catterton’s original investment. This clearly shows the value created since their involvement. Additionally, the move signals strong confidence in the brand’s positioning and future potential.
Investors Bring Expertise and Networks
Rams Global, Swinger International, and SRI Group identified significant untapped potential in existing and new markets. Consequently, they will bring industry knowledge, strategic networks, and operational expertise. This will help drive Etro’s international expansion and category development. By combining their resources, the investors aim to accelerate growth while preserving the brand’s heritage and style.
Leadership Remains Steady
Fabrizio Cardinali will continue as CEO. He will lead the strategic plan alongside the new investors. Meanwhile, Faruk Bülbül from Rams Global will serve as chairman of the Board. He will work closely with Cardinali and shareholders to guide Etro through its next growth phase. This ensures smooth execution of the strategy.
About the Investors
- Rams Global: Has over 36 years of experience across 11 sectors, including luxury residences, hospitality, and gastronomy. The company has an established international presence in major cities.
- Swinger International: An Italian fashion group specializing in apparel, footwear, bags, and accessories. It manages brands such as Genny and holds licensed partnerships with leading global fashion houses.
- SRI Group: Led by Giulio Gallazzi, focuses on SMEs and private equity. The group has extensive experience in corporate finance, international development, and governance. Notable acquisitions include stakes in Banca del Fucino Group.
