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Style Capital has acquired N21, the Italian fashion brand founded by Alessandro Dell’Acqua, the investment firm said on Monday, without providing financial details of the deal.
Dell’Acqua will stay on as creative director while long-standing industrial partner Gilmar will exit the business, according to a statement.
The Milan-based firm which invests in fashion and lifestyle brands including through private equity deals, did not disclose the financial terms of what it described as a “complex corporate transaction,” or explain how the deal was structured.
Its portfolio includes MSGM, Zimmermann, Soeur and Autry.
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Style Capital said it aims to back the international expansion of the label, which is stocked in over 250 multibrand stores worldwide, with strategic, managerial and industrial expertise.
Dell’Acqua, who was creative director of Paris fashion house Rochas until 2019 and briefly oversaw womenswear at Brioni, founded the brand in 2010.
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