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CONSUMER PRODUCTS & SERVICES | Clothing & Accessories / Accessories
sergiorossi.com

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Founded Year

1951

Stage

Acquired - II | Acquired

About Sergio Rossi

Sergio Rossi creates made-in-Italy luxury footwear and accessories for women and men.On June 10, 2021, Sergio Rossi was acquired by Fosun Fashion Group. The terms of the transaction were not disclosed.

Sergio Rossi Headquarter Location

Via Stradone, 600/602

San Mauro Pascoli, 47030,

Italy

+39 0541 813111

Latest Sergio Rossi News

Fosun Fashion Group Further Commits to Caruso’s Post-pandemic Growth

Jul 29, 2021

The development reflects FFG’s commitment to build its luxury portfolio of brands, which include French house Lanvin, Austrian hosiery specialist Wolford, American fashion brand St. John and the recently acquired Sergio Rossi footwear label. Praising the company’s manufacturing know-how, FFG’s president Joann Cheng said the group “firmly believes that this agreement will help Caruso withstand the impact of the epidemic, and at the same time, with the collaboration of FFG’s portfolio of resources, further accelerate its global development.” Through the capital increase, the company plans to support its business plan covering the 2020-27 period. Angeloni described it as “prudential” but in sync with trends that have been fostered by the pandemic, including customers’ desire for nonchalant elegance, which is core to the brand’s aesthetic. “We are coming out of 18 months of unprecedented crisis for the sector, not just financially healthy and with an evolved business [plan] but also stronger as a team that was able to pursue clear and coherent goals despite all the noises and uncertainties of these times,” the CEO added, noting that the company employs around 400 people. In 2020 Caruso’s total revenues stood south of 30 million euros, down from 42 million euros in 2019. As part of the plan, Caruso signed new distribution agreements across geographies that have secured the brand a presence at high-end boutiques and department stores. While it opened a showroom in Manhattan in 2019 , the brand is now relying on a local distributor. Caruso has also recently forged ties with local partners in Northern Europe, the Middle East and Japan. Despite having embraced a new distribution agenda that heavily relies on wholesale accounts, the company will open a shop-in-shop at London’s Harrods in the first week of August and plans to unveil a stand-alone flagship in Shanghai by October. Angeloni also mentioned that a small-scale unit in Milan is in the pipeline, but shied away from providing further details as it is not part of the business plan. In order to enhance its international visibility, Caruso returned after an almost two-decade absence at the most recent edition of men’s trade show Pitti Uomo , presenting a spring 2022 collection designed by creative director Aldo Maria Camillo that embraced effortless sophistication, revisiting classic formalwear through a modern, quite experimental twist. It was also present on the Pitti Connect digital platform in January. In addition to its proprietary brand, the company is also committed to further strengthening its Fabbrica Sartoriale division dedicated to third-party manufacturing for luxury brands. During the pandemic-scuppered 2020, Caruso managed to expand the size and scope of the division branching out into the women’s wear category. The division accounts for the largest portion of the company’s sales and Angeloni said it remained “hyper lively even during the pandemic,” allowing the company to acquire new clients. SEE ALSO:

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Sergio Rossi Patents

Sergio Rossi has filed 3 patents.

The 3 most popular patent topics include:

  • Cephalopod zootomy
  • Graphical projections
  • Light machine guns
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2/22/2017

9/17/2019

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