Luca Luca has been acquired by the Equitium Group, a Miami-based investment firm that specializes in the consumer and luxury industries and also owns Caswell-Massey, the personal grooming company.
With a new owner, Luca Luca plans to rev up its expansion plans domestically and abroad. Founder Luca Orlandi said he looks forward “to seeing the brand accelerate its growth.” Terms of the deal were not disclosed.
Since its inception in 1992, Luca Luca has opened freestanding stores in New York; Miami, Bal Harbour and Palm Beach in Florida; Chicago, and Dallas.
Designed by Orlandi, the collection features eveningwear, dresses, shoes and handbags, which are sold to high-end specialty stores in the U.S. and abroad.
Fore more, see Friday’s issue of WWD.