Fratelli Rossetti ready to sell 30 to 40 percent stake, to fund expansion
Italian premium shoemaker Fratelli ROSSETTI, majority family owned, is prepared to sell up to 40% of the company to raise capital for expansion. The company which reported sales of 60 million euros has been undergoing a strategy to upgrade its current brand positioning from premium to luxury. Rossetti, which controls entirely its production, with its own manufacturing facilities North of Milan aims to increase the number of mono-brand stores worldwide (41 at present, of which 70% directly operated), and limit wholesale – multi-brand. The company’s focus for directly operated store expansion is China, Middle East and Eastern Europe. Last year, the company inaugurated a revamped flagship store in Milan’s Via Montenapoleone.