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Giuseppe Zanotti Buys Back Minority Stake from LCatterton

26 February 2025
Footwear News
Giuseppe Zanotti has reacquired the minority stake in his eponymous brand from investment firm LCatterton. This move comes amid a flurry of mergers and acquisitions in the footwear industry, including Caleres' recent $105 million purchase of Stuart Weitzman from Tapestry and Steve Madden's acquisition of Kurt Geiger for $360 million. Additionally, Capri Holdings is reportedly looking to sell Jimmy Choo, with co-founder Tamara Mellon expressing interest.

LCatterton initially invested in Zanotti in 2014, acquiring a 30 percent stake while Zanotti retained majority ownership. The firm was formed in 2016 through a partnership between Catterton, LVMH Moët Hennessy Louis Vuitton, and Groupe Arnault. Zanotti expressed gratitude for LCatterton's support, stating that this acquisition allows him to steer the brand's future independently, emphasizing the importance of freedom and creativity in fashion.

The partnership with LCatterton has significantly contributed to the brand's global expansion and innovation in retail and digital development. However, the financial specifics of the buyback were not disclosed.

Zanotti's brand is renowned for its feminine and alluring designs, attracting high-profile celebrities like Nicole Kidman, Cate Blanchett, and Taylor Swift. The brand has also launched exclusive capsule collections in collaboration with stars such as Rita Ora, Jennifer Lopez, and Zayn Malik.

In 2024, the brand celebrated its 30th anniversary with a limited-edition capsule collection that highlighted its iconic Ring sandal. This signature piece features a crystal-embellished strap around the big toe and a slender midfoot strap. Another notable design from the brand is the “Venus” stiletto.
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