By  on December 19, 2012

MILAN — The deal is finally done. After months of speculation, Diesel chief Renzo Rosso is expected to confirm today that he has taken a stake in Marni through his holding company, Only the Brave Srl. It is understood the deal will help Marni’s expansion around the world.

In October, Marni’s chief executive officer Gianni Castiglioni, told WWD he was seeking a financial partner to support the company's growth and retail development. Castiglioni and his wife and creative director, Consuelo, have been at the helm of the company since they founded it in 1994. Through its quirky designs, filled with artistic references and innovative fabrics, Marni has garnered a cult following.

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