Lingerie brand La Perla has been sold to private investment company Sapinda for an undisclosed amount.
Founded in 1954 by Ada Masotti, La Perla employs more than 1,500 people across 150 global stores.
The deal comes after previous talks by La Perla’s owners, Pacific Global Management Group, to sell the brand to Shanghai-based investment group Fosun International in December failed to complete.
Sapinda is a global investment group formed in 2009 by a number of entrepreneurs and prominent high-net-worth families seeking exposure to investment opportunities in special situations across continental Europe, Sub-Saharan Africa and Asia. La Perla is thought to be the firm’s first fashion investment.
Silvio Scaglia, founder and chairman of Pacific Global Management Group, said: “We are delighted that Sapinda has acquired La Perla to continue our vision of creating the leading global luxury fashion brand that explores the feminine imagination in all its facets. I have known Sapinda and its CEO for many years and have worked with him a number of times in the past. I know that Sapinda has the necessary resources to take La Perla to the next level and continue my vision of building a global luxury brand, but keeping production in Europe.
“La Perla heritage in corsetry was the foundation for starting a real revolution in fashion. We are proud to have a unique team, with the ability to create luxurious and unique products which are ‘Made in Italy’”.
Lars Windhorst, CEO of Sapinda, added: “We are prepared to further invest, to improve the financial performance of the company and to continue implementing Silvio’s vision for La Perla and its ‘Made in Italy’ creations.
“We have been looking to invest in the luxury goods sector for a while, and after analysing a number of opportunities during the last few months, we are pleased that we were able to secure the acquisition of La Perla.”