MILAN — Lapo Elkann, founder of Italia Independent, is hoping to develop the brand globally and is considering either a public offering or selling a stake to a “foreign group or individual,” he revealed during an interview in his spacious office here, filled with personal memorabilia, palm trees and Fiat 500-inspired seats and tables.
“To sustain growth and international expansion, I am looking at the AIM [Alternative Market of Capital] segment of the Milan Stock Exchange, which would allow the brand to either list in Milan or in London, or to sell a part of the holding to a foreign investor. I don’t want to ever be indebted. There are good possibilities on both fronts, and I will make a decision this year,” said Elkann, who also founded the Independent Ideas creative agency, both under parent company LA Holding SpA. “I have been in contact with banks for the past year but, at this moment, they are not supporting small and medium-sized firms in the medium and long period.”
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
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Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)