MARNI MUSINGS: Could Marni be looking for more financial muscle? Speculation is mounting in Milan that to further expand globally the Italian fashion brand is evaluating different options, including taking on a partner or even perhaps going for an initial public offering.
Sources speculated Diesel chief Renzo Rosso might be interested in taking a stake in Marni, but the entrepreneur denied this. “Our company is doing well, we are solid,” he told WWD. “Our goal is to develop our brands.”
This story first appeared in the July 26, 2012 issue of WWD. Subscribe Today.
Through his holding, Only the Brave Srl, Rosso controls labels such as Viktor & Rolf and Maison Martin Margiela. One source said the deal may have hit a stumbling block because Rosso would only be interested in taking a majority stake, while Marni’s founders and owners, the Castiglioni family, would not be willing to relinquish control. A Marni spokeswoman said the company is “not looking for a partner” but is “always attentive to evaluating opportunities offered by the market.”