ICFG Italy advised Gruppo Florence in the acquisition of two jersey products companies
Maniffature Cesari (Max Cons SRL) and Red Pixel (Romolini SRL), with two other entities, are now fully part of the Gruppo Florence group.
Gruppo Florence is now broadening its scope. The group, which defines itself as the “leading manufacturing hub for luxury apparel in Italy,” serving the biggest brands names in high-end fashion, has acquired Manifatture Cesari, an Italian producer specialised in jersey fabrics.
Manifatture Cesari was created by Stefano Romolini and Erika Cesari in Città di Castello, in Italy’s central region of Umbria, in 1988. It has a strong knowledge on all the jersey manufacturing spectrum, from product design to garment production, including fabric weaving, printing and decoration. Manifatture Cesari controls three other companies, Romolini Srl and Max Conf Srl for garment manufacturing, and Red Pixel Srl for the decoration of finished products. Altogether, Manifatture Cesari has more than 100 employees.
Manifatture Cesari joins up with the three long-established, Tuscany-based textile manufacturers that together have spawned Florence Group – Giuntini SpA (outerwear and light fabrics), Ciemmeci Fashion Srl (leather products and fur) and Mely’s Maglieria Srl (knitwear)- while the Romolini family is now a shareholder in the group, joining the ranks of the other founding families that altogether own a 35% stake in it.
The acquisition of Manifatture Cesari is part of the project of the Florence group, led by Francesco Trapani, to develop a leading international platform for the supply of high quality products for some of the world’s most important fashion brands, priding itself on manufacturing products ‘Made in Italy’ through the aggregation of family businesses.
“The operation was financed through a share capital increase and further investment in Florence Group by the Romolini family,” stated the group in a press release.
“With this company, specialised in the production and treatment of jersey fabrics, we have added a partner that is key for our initial goal of being able to cover the entire range of product categories a fashion collection typically consists of,” said former Bulgari and LVMH director Francesco Trapani, president of Florence Group, which is led by Attila Kiss.
The group “aims to create a leading platform, at a global level too, for the supply of made-in-Italy products manufactured to the highest standards for the world’s most renowned labels,” said Trapani. “Through its use of innovative methodologies and digital machinery,” the group aims also to be “a centre for creative know-how and advanced production capabilities.”