Italian e-commerce fashion retailer Luisa Via Roma has expressed interest in going public following a new round of investment from Milanese equity fund Style Capital.
Currently holding a majority stake in Australian brand Zimmermann and a minority stake in Italy's MSGM, Style Capital has agreed to invest €130 million EUR (approx. $152 million USD) in the family-owned retailer. Current CEO Andrea Panconesi will retain 60% control over the company following the deal, which will aid Luisa Via Roma with its "aim to become a publicly listed company" in the near future.
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.
In other fashion-related news, Snoop Dogg and G-Star RAW have teamed up for a set of Grip 36 wide-cut denim.
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