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FFG acquire 100% of Sergio Rossi

Fosun Fashion Group (FFG), the global luxury fashion group based in China, has signed an agreement to acquire 100% of Italian luxury footwear brand Sergio Rossi from Absolute Luxury Holding. The acquisition will add to FFG's luxury brand portfolio, which currently includes Lanvin, Wolford, Caruso and St. John Knits. The transaction is subject to customary regulatory approval and is expected to close in Summer 2021.


Potential Sergio Rossi buyers named

Italian private equity firm Investindustrial is allegedly studying a possible sale of luxury footwear label Sergio Rossi to two potential buyers – one Swiss and the other from the U.S. The race for acquisition is allegedly between the Swiss luxury brand Bally International and U.S. brand management specialist Marquee Brand.


Kering set to sell Sergio Rossi

The announcement of Sergio Rossi’s sale is imminent as discussions are said to take place between Kering and an Italian private-equity firm.