Overview
- Lanvin Group closed the divestment of Raffaele Caruso S.p.A. to MondeVita Italy S.r.l., a unit of Abu Dhabi-based Mondevo Group, on Feb. 6.
- The seller said the carve-out aligns with its plan to concentrate on the sustainable development of its “heartland” consumer brands.
- Caruso’s CEO Marco Angeloni will remain in charge and become a minority shareholder, with the management team staying and Max Kibardin continuing as creative director.
- MondeVita called the purchase its first lifestyle and luxury investment as it builds a portfolio of heritage companies.
- Financial terms were not disclosed, and Caruso keeps its Soragna, Italy production base with about 450 employees and roughly €35 million in annual revenue.