Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Versace owner acquires Italian shoemaker

Capri Holdings, owner of Michael Kors, Jimmy Choo and Versace, has signed an agreement to acquire Italian atelier and shoe manufacturer Alberto Gozzi. 

The Italian factory, owned and operated by the Gozzi family since it was founded in 1974, has produced shoes for many luxury brands over the years. 

In the immediate future, the factory will develop and produce shoes for Jimmy Choo and Versace. The production of Michael Kors Collection shoes will be added at a later date. 

The transaction is expected to close in the Capri Holdings’ fourth fiscal quarter, subject to specified closing conditions.

“We are excited to welcome all of Gozzi’s talented craftsmen to the Capri Holdings Group,” John Idol, chairman and CEO of Capri Holdings Limited, said. “This acquisition allows us to further align with the industry’s best practices and to strengthen our technical competencies while cementing our position in the global luxury market.”

Capri Holdings is listed on the New York Stock Exchange. Its brands cover luxury categories including women’s and men’s accessories, footwear and ready-to-wear as well as wearable technology, watches, jewellery, eyewear and fragrance products. 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.