TAKING CONTROL: Italian men’s wear label Boglioli is now completely controlled by Wise SGR. The Italian private equity fund, which acquired 70 percent of Boglioli in 2007, said it has purchased the remaining stake from the Boglioli family.
Following the acquisition, Boglioli chief executive officer Giovanni Mannucci has added the role of president to his title. In addition, Ferrari brand director Andrea Perrone, who previously served Brioni as ceo, has joined the Boglioli board.
“The acquisition of the totality of the shares of Boglioli and the addition of new and qualified forces to the board demonstrate how strongly the fund believes in the brand’s re-launch,” said Wise SGR co-founder Paolo Gambarini. “With a reinforced management and new investments, we aim to push the company’s growth and development plan.”
“The new structure of both the capital and the governance opens a path for a new development phase for the company, whose heritage and DNA represent the main inspiration to build the future,” Gambarini added.
In 2012, Boglioli posted revenues of 28 million euros, or $37 million at average exchange rates.