MILAN — Change Capital Partners has taken a majority stake in Italian upscale linen, home furnishings and loungewear firm Frette Srl.
While not disclosing financial details of the transaction, the private equity fund said it plans a “significant investment” in Frette to support its full growth potential. Previous owner JH Partners will continue to remain a minority shareholder. The San Francisco-based JH Partners, a private equity group specializing in brand development and marketing and a former owner of luxury innerwear brand La Perla, bought its stake in Frette in 2006.
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