Clessidra sgr is selling all its interests in the company. The private equity firm which invested in the company in 2014 for a 35% stake (see here a previous post by BeBeez), but that has been piling up stakes till 40% now. As for the founding family Menniti, they are selling just a part of their stake. So the sale might be for a 70% stake in Harmont&Blaine capital.
Harmont & Blaine, led by ceo Paolo Montefusco, reached 86 million euros in revenues in 2017 (+7%) and 16 millions in ebitda.
Mr. Montefusco, the historical stylist of the brand, was appointed ceo in Autumn 2016 after Giulio Guasco (former Procter&Gamble, Fay, Miroglio, Ralph Lauren) had left its role. Mr. Guasco had been appointed ceo of the company by Clessidra in 2014. He is now ceo of Holding Moda, a new investment veichle promoted by Holding Industriale (Hind) which aims at buying eccellent SMEs in the fashion sector in Italy. e