By  on June 18, 2018

MILAN — Generational change has been hitting the Italian fashion industry for several years, and Missoni’s decision to sell a minority stake to a government-backed private equity fund continues that shift while better positioning the brand for global retail expansion and a possible initial public offering down the road.

There had been talk for years about the Missonis taking outside investment. The deal leaves few large family-owned fashion houses remaining in Italy, and no doubt will spark speculation about the future of those firms, which include Etro and Ermenegildo Zegna. The largest, Giorgio Armani, has already established a foundation to control the company.

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