Florence Based Luxury Retailer Luisa Via Roma Plans Public Foray Post USD 152 million Deal With Fund Style Capital

  • 28th Sep 2021
  • 1694
  • 0
Florence Based Luxury Retailer Luisa Via Roma Plans Public Foray Post USD 152 million Deal With Fund Style Capital

Italian e-commerce fashion retailer Luisa Via Roma has shown signs of going public post the fresh round of investment from Milan, Italy based equity fund Style Capital.
Milan’s private equity fund Style Capital already has stakes in fashion brand’s Zimmerman and MSGM. Style Capital is investing USD 152 million in the Italian e-commerce company. Post this investment, the present chairman and CEO Andrea Panconesi will retain 60% of control of the business.

Luisa Via Roma has been working on being a bigger competitor in the luxury e-commerce space that has been dominated by competitors like Mytheresa, Ssense, and Farfetch. In 2020, Luisa Via Roma generated 211 million dollars in revenue with 90 percent of sales from online.

Luisa Via Roma wants to use the investment to eventually become a publicly listed company. They are also hoping to further their expansion in Europe and internationally.
Originally founded by Panconesi’s family back in 1929, the company moved into the online space for luxury fashion as early as 1999. Last year, the company brought in €180 million EUR (approx. $211 million USD) in revenue, more than 90% of which came from online sales.


Recommended Topics

Author

Namrata Parab

Namrata is a web and graphic designer with a strong urge to learn and grow every day. Her attention to details when it comes to coding web pages or creating materials for social media uploads or adding that extra flair to blogs has been commendable. She pours her spirit into any work that she undert... read more


Comments

Add Comment

No comments yet.

Add Your Comment
cb9ii

Relevant Blogs

Fashion
Rohit Bal - India's Master Fashion Designer Bids Farewell

Rohit Bal, a visionary designer whose influence reshaped Indian fashion, left an indelible mark on the industry before his passing at 63. His work, pr

Fashion
TWO FACED by Antar-Agni, A Masterclass in Contradiction and Craftsmanship at Lakme Fashion Week 2024

Antar-Agni by Ujjawal Dubey: A Legacy of Style and Innovation Ever since Ujjawal Dubey introduced Antar-Agni at Lakmé Fashion Week's GenNext s

Fashion
Rakul Preet Singh's Fashion Evolution - From Red Carpet Glamour to Festive Chic

Celebrating a Year of Fashion Excellence As Rakul Preet Singh marks her 34th birthday, her fashion journey continues to inspire and captivate. Known