Changes at Italian ready-to-wear label Dondup may be afoot.
According to market speculation, L Capital, which acquired a 40 percent stake in the label in 2009, is renegotiating its investment in Dondup, which was founded as a premium denim label. L Capital is the private equity fund backed by LVMH Moët Hennessy Louis Vuitton. Currently, Massimo Berloni, Dondup’s president and chief executive offer, holds a 60 percent stake in the company. A Dondup spokeswoman denied any potential new deal is being discussed.
Over the past few seasons, Dondup has enlarged its offering to present full men’s and women’s fashion collections. The brand, which operates a flagship in Milan, is currently sold in 1,391 multibrand stores across Europe and the Middle and Far East.