MILAN — Italian hat specialist Cambiaghi has signed a convertible loan agreement with investment firm AVM Gestioni SGR, which will support the expansion of the label.
In particular, AVM Gestioni SGR invested an undisclosed sum which Cambiaghi chief executive officer Matteo Perego di Cremnago — the great-nephew of Giuseppe Cambiaghi, who founded the company in 1880 — will use to develop new products and reinforce the distribution network on a global scale.
“AVM Gestioni SGR’s investment represents a decisive step for the further development of the brand and its worldwide distribution,” said Perego di Cremnago. “The combination of quality, tradition and innovation are the elements through which we count to bring our accessories in the best international boutiques.”
Cambiaghi currently sells its collections in about 10 multibrand stores worldwide.
“Matteo Perego di Cremnago’s business plan is based on the solid foundation of a historic Made in Italy company, on the skills Matteo developed during his previous experiences, as well as on a wide network of interlocutors who appreciate the brand and are committed to its development on the market,” said AVM Gestioni SGR chairman Giovanna Dossena.
According to Perego di Cremnago, Cambiaghi expects to post 30 percent growth in 2017 compared with the previous year.