By  on January 15, 2009

MILAN — Umberto Angeloni, the soft-spoken but high-profile former chief executive officer of Brioni, has returned with a new luxury venture, and he’s not letting the recession hold him back.

In October, two years after his acrimonious split with the family-owned Italian label, Angeloni purchased a 35 percent stake in men’s wear manufacturer Raffaele Caruso SpA. One of Italy’s best-kept secrets, Caruso manufactures men’s formalwear for prominent brands, including Dior, Lanvin and Ralph Lauren, and sells private label as well as the Caruso brand to retailers such as Barneys New York. All told, the company produces more than 180,000 pieces a year at its three plants, all located near Parma.

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