By  on January 2, 2019

MILAN — The year 2019 is shaping up to be quite active on the M&A front for the Italian fashion industry, in the wake of the $2.1 billion acquisition of Versace last September by Michael Kors Holding, which is being renamed Capri Holdings.

Just before Christmas, speculation was rife around Trussardi, as sources contended that negotiations with management company Quattro R SGR SpA to sell a majority stake were ongoing. A contract is expected to be finalized once an agreement has been reached with the pool of lenders, ranging from UniCredit to Intesa Sanpaolo banks. Trussardi is a family owned-company helmed by Tomaso Trussardi and has seen the exit of his sister Gaia Trussardi, who left her role as creative director last April, and of their sibling Beatrice in 2016.

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