Confirming its commitment to fashion and leather goods, hard-luxury specialist Compagnie Financiere Richemont SA has acquired a controlling stake in Italian shoemaker Gianvito Rossi.
market is going to be a very important frontier of development in luxury. We see fundamental trends on customers buying more and more shoes,” Fortunato said in a joint interview with Rossi.
Rossi cited intensifying competition in luxury, and a wish to devote more energies to designing and developing hand-made shoes that are as “pleasant” to wear as they are to look at and hold as objects. Today the brand operates 36 boutiques in cities including Rome, Paris, Monte Carlo, London, New York, Miami, Los Angeles, Hong Kong, Tokyo, Seoul, Dubai, Doha, Beijing, Chongqing and Chengdu.Fortunato noted that Richemont would be able to offer its real estate and retail expertise in Asian markets, where Rossi has only scratched the surface, and support its ominichannel development.
Wholesale clients include Selfridges, Harvey Nichols, Bloomingdale’s, Nordstrom, Bergdorf Goodman and Net-a-porter.
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