US private equity operator Tengram capital acquired a majority stake in Italian luxury menswear and apparel brand Luciano Barbera from founding family (download here the press release).
Luciano Barbera srl, owner of the brand, was controlled until now by founder and chairman Luciano Barbera and other members of the family; while Peplo srl, until now 100% owned by ceo Carola Barbera, Luciano’s daugheter and ceo of the company, is the operative company producing a wide assortment of sportswear, sartorial pieces, furnishings and accessories designed primarily for refined gentleman. Peplo reached 4.83 million euros in revenues last year (+5.7%) and a net profit of 15k euros.
Tengram has recruited  Todd Barrato to serve as ceo of Luciano Barbera. Prior to joining the company, Mr. Barrato served as ceo of North American operations for the Italian luxury men’s brand Brioni, where he was responsible for growing wholesale sales and increasing market share in the retail network.
