Sator's L'Autre Chose buys luxury footwear brand Giannico

L'Autre Chose wholly acquired Adn, the holding company that controls the entire share capital of Giannico.

Following the deal, Giannico's founder, Nicolò Beretta, will be appointed creative director of both brands.

Sator bought a 49% stake in L'Autre Chose from the founding Boccaccini family in July 2013 by deploying €8m via its 2008-vintage vehicle, Sator Private Equity Fund. The vehicle was launched in 2008 and held a final close on €500m in March 2010.

Subsequently, the GP acquired an additional 35% stake from the company's founders in August 2016, raising its holding to a total of 84%. The deal saw Alfredo and Daniele Boccaccini retain their roles in the company, while Pier Luigi Rossi, manager of Sator's private equity team, and Erika Filipponi, former CEO at Ferragamo, became chair and CEO, respectively.

More recently, Sator acquired the remaining 16% stake in L'Autre Chose from the founding family, becoming the sole shareholder in the company.

L'Autre Chose is a luxury fashion designer of women's shoes, clothing and accessories. The company sells its products in several Italian and international department stores, including Rinascente, Galleries Lafayette and United Arrows, and has seven single-brand retail stores and three outlets. It generated revenues of €14m in the financial year to 31 March 2019, of which 40% came from outside Italy.

Company
Founded in 2013 by 24-year-old fashion designer Nicolò Beretta and headquartered in Milan, Giannico is a luxury women's shoes brand. The company designs boots, sandals, loafers and platforms, and sells its products online and through several retailers across Europe.

People
Sator – Matteo Arpe (CEO).
L'Autre Chose – Alice Carli (CEO).
Giannico – Nicolò Beretta (founder).

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