MILAN — L Capital is entering the mobile devices market — or at least the products that carry them.
The private equity fund backed by LVMH Moët Hennessy Louis Vuitton has acquired a 53 percent majority stake in CellularLine, an Italian company that designs and distributes accessories for smartphones, tablets and other mobile devices.
The agreement was signed by L Capital and CellularLine’s founding Foglio and Aleotti families, who still retain a 40 percent stake in the company. The remaining 7 percent was acquired by Milan-based merchant bank DVR Capital.
“We decided to invest in a very dynamic and successful company and a strong management team to build a leader of the industry,” said L Capital senior partner Philippe Franchet, referring to CellularLine, which is expected to generate revenues of 140 million euros, or $182 million at current exchange, in 2013.
“I am very satisfied about the opportunities that this partnership will bring to CellularLine, both in Italy and abroad,” stated CellularLine chairman Piero Foglio. “We share a common growth strategy which is very motivating, both for us and for CellularLine’s management team, which is a guarantee for our current success.”
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18