By  on December 16, 2019

Capri Holdings Ltd., parent of Michael Kors, Versace and Jimmy Choo, has signed a definitive agreement to acquire Italian atelier and shoe manufacturer Alberto Gozzi Srl in Pistoia, Tuscany. The price of the deal was undisclosed. The transaction is expected to close in the company’s fourth fiscal quarter.

The 15,600-square-foot factory, owned and operated by the Gozzi family since its founding in 1974, has manufactured high-end shoes for many of the world’s top luxury brands over the years, including the Gozzi family’s private label collection. The Gozzi brand is being discontinued and is not part of the acquisition.

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