Milan, June 24th, 2021 – The Board of Directors of Fondo Italiano d’Investimento SGR (“FII SGR” or “Fondo Italiano”) met yesterday, chaired by Andrea Montanino and led by the CEO Antonio Pace.
During the meeting, it was approved to subscribe a capital increase in Florence, a company owned by Fondo Italiano Consolidamento e Crescita – FICC and born from the aggregation of three leading companies in the production of luxury clothing for the big brands of global fashion. The capital increase is aimed at pursuing new acquisitions, in line with the strategic guidelines of the project which aims at establishing the first Italian industrial hub in the luxury clothing sector, one of the main chains of Made in Italy.
Florence recently announced the acquisition of Manifatture Cesari, an Umbrian company specializing in jersey products and the fourth company to join the platform, after Giuntini, Mely’s Maglieria and Ciemmeci Fashion, respectively active in outerwear, knitwear and leatherwear. Florence’s main goal is to safeguard the technical and cultural know-how of Made in Italy, thanks to the aggregation of family companies, leaders in their sector, in favor of the entire Italian fashion system. The Group, founded in October 2020, currently employs over 700 people and is chaired by Francesco Trapani and led by CEO Attila Kiss.
