By and  on March 22, 2012

MILAN — Caruso chief executive officer Umberto Angeloni is showing his faith in the Italian luxury men’s wear clothing manufacturer with a purchase of an additional 38.5 percent stake.

Through the vehicle of Aplomb Srl, his partnership with Ruggero Magnoni, Angeloni now controls 80.1 percent of Raffaele Caruso SpA, which is listed on the Milan Stock Exchange. Alberto Caruso, son of the founder, will remain part of the board together with his brother Nicola, but he has resigned from his post as chairman — a role that will be taken up by Angeloni.

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