Roberta di Camerino, is best known for its distinctive colourful bags, and Sixty Group said it would use the acquisition as an opportunity to enter the luxury sector.
Co-founder and creative director of Sixty Group Wicky Hassan said: "It is an extraordinary brand and one of the few that can compete with French couturiers. It has been inspirational to many designers and has a fantastic archive. Lately, Roberta di Camerino was considered a cool and sophisticated vintage brand, an aspect we want to safeguard while projecting the new collection into the future to target younger generations."
Giorga Scarpa previously of Prada and Dior has been made creative director of the brand while Alessandro Varisco, formerly at Ferrè and Versace, is general manager.
"We will give them all our support because we know the team is in love with the brand and our efforts will be concentrated on quality and the respect of the brand's tradition," added Sixty Group chief executive Renato Rossi.