By  on January 5, 2020

MILAN — Italian private equity fund DGPA Capital, controlled by Style Capital SGR, has sold 100 percent of beachwear brand Sundek’s global licensee to Italian holding Mo.da Gioielli Srl, which was established by Twin Set founder and former creative director Simona Barbieri along with her husband Tiziano Sgarbi.

According to several local media reports over the weekend, the transaction comprises the acquisition of Kickoff SpA, Sundek’s licensee for the Italian market since 1988. In 2007, Kickoff inked a global licensing agreement with Sundek Apparel LLC for the design, production and worldwide distribution of the brand.

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