ICFG Italy advised Gruppo Florence on the acquisition of Emmegi

ICFG Italy advises Gruppo Florence on the acquisition of Emmegi
Gruppo Florence acquired 100% of the producers of outerwear for men for the main luxury brands worldwide company.
ICFG Italy advises Gruppo Florence on the acquisition of Emmegi
Emmegi is a Lombardy-based manufacturer focused on informal outerwear and is now part of the Gruppo Florence luxury industrial group portfolio.

Gruppo Florence is expanding its Made in Italy portfolio of high-quality manufacturing with a strong know-how added value.

The group, launched in October 2020 to develop a platform to supply high- quality made in Italy products to leading fashion brands, has acquired Emmegi, a Lombardy-based firm funded in 1880 and dedicated to men’s and women’s informal outerwear.

As part of the agreement Emmegi’s founding Bonacina family will continue to work at the company and will become shareholder of the group.

This is the fifth acquisition for Gruppo Florence, controlled by private equity fund VAM Investments, Fondo Italiano d’Investimento and Italmobiliare. The group now operates jersey specialist Manifatture Cesari; outerwear manufacturer Giuntini; Ciemmeci, a company specialized in the production of
leather and fur pieces, as well as knitwear firm Mely’s.

“We are continuing our process of aggregation of Italian excellent companies guided by entrepreneurs that believe in teamwork and that are keen to elevate the services they offer to luxury brands,” said Francesco Trapani, Gruppo Florence president and chairman of VAM Investments. “We want to further enhance these family businesses within Gruppo Florence.”

“We strongly believe in Gruppo Florence’s investment philosophy, offering us industrial synergies, training programs, sustainability service and interesting exchanges,” said Maurizio Bonacina, chief executive officer of Emmegi. “In addition, Gruppo Florence will give the new generations of our family the chance to enroll in an articulated training program dedicated to entrepreneurs’ children.”
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