ON THE HUNT FOR MAGLI: Bruno Magli has a new suitor. Only last January, Swiss independent asset management firm Da Vinci Invest AG bought the struggling luxury footwear company, which was founded in Bologna in 1936, from Fortelus Capital Management LLP, which had owned it since 2007. In July, Bruno Magli began a composition with creditors through the Bologna court system, and now, global asset management firm The Carlyle Group has stepped up as a potential new investor: Specifically, Carlyle’s Global Distressed & Corporate Opportunities team, which manages three funds specialized in companies that are “operationally sound, yet experiencing financial duress,” is said to be eyeing the brand, according to market sources.
A spokesman for Carlyle declined to comment.
This story first appeared in the November 24, 2014 issue of WWD. Subscribe Today.