Italian Holding Moda (IHM) is adding another footwear company to its stable.
The firm, which owns the Alberto Fermani and Les Tropéziennes brands, has signed an option agreement to acquire 85 percent of luxury shoe manufacturer Kallisté Srl.
IHM owner Cleto Sagripanti is both president of trade association Assocalzaturifici and the Micam shoe fair, and he has long expressed interest in building a diverse portfolio of Italian footwear brands to take on different market segments.
Kallisté Srl is currently owned by Mi.Ma Srl, a family-owned operation in the Brenta district of Italy’s northeastern Veneto region, and its roster includes the Kallisté, Keyté and Un Dimanche à Venise brands. The group also has a licensing agreement with the No. 21 fashion label.
Kallisté took a hit this year when it lost its licensing deal with Etro, which had accounted for approximately 45 percent of its turnover.
“In spite of this difficult situation, IHM considers Kallisté a company with high potential brands that are complementary to its existing portfolio,” said a statement from IHM, which also mentioned plans to restructure and reposition Kallisté.