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Antichi Pelletieri acquires Finduck stock

Italian leather goods company Antichi Pelletieri has acquired the stock of Finduck from Finduck Group, which owns the luxury goods brand Mandarina Duck, for 36.9 million Euros.

Mandarina Duck is best known for its range of trendy upmarket handbags and travel accessories. Last year, it generated more than 40 per cent of sales from 94 boutiques worldwide. It has a store on Conduit Street, London, and also sells through a number of department stores in the UK.

Antichi Pellettieri has 176 boutiques and said that it plans to focus development of the Mandarina Duck retail network on emerging markets – in particular Asia. It expects to increase the combined number of boutiques from the present 270 to 285 by the end of the year.

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