News DeskDubai: Italian luxury lifestyle brand ETRO is entering a new phase of growth following the acquisition of the ETRO family’s minority stake by a group of industrial investors led by RAMS Global, alongside Mathias Facchini of Swinger International and banker Giulio Gallazzi through SRI Group.
The transaction was carried out in agreement with private equity firm L Catterton, which remains the majority shareholder and will continue to actively support Etro’s long-term development strategy. Financial terms were not disclosed, but the valuation is understood to be higher than the level of L Catterton’s original investment, highlighting the value created since its entry into the brand.
The deal is aimed at strengthening Etro’s industrial and strategic capabilities and reflects growing external confidence in the brand’s positioning, momentum and future potential. The new investors join as long-term partners, backing Etro’s international expansion and category development across both existing and new markets.
Leadership continuity
Etro’s Chief Executive Officer Fabrizio Cardinali will continue to lead the company, working closely with L Catterton and the new shareholders to execute the strategic plan. Cardinali has been credited with professionalising governance, building a strong management team and revitalising the brand’s relevance among global consumers.
As part of the governance changes, Faruk Bülbül, representing RAMS Global, will be appointed Chairman of the Board. He will work alongside management and shareholders to support Etro’s next phase of growth while preserving its heritage as a global luxury and lifestyle brand.
Investor confidence
Commenting on the transaction, Luigi Feola, Managing Partner at L Catterton Europe, said Etro had built strong momentum in recent years through improved operating and governance platforms.
“We are delighted to welcome RAMS Global, Mathias Facchini and Giulio Gallazzi as long-term partners who bring valuable industrial expertise and global networks. Together with Fabrizio Cardinali and the management team, we will continue executing Etro’s strategic plan and accelerating its international growth,” Feola said.
New partners’ profile
RAMS Global brings more than 36 years of experience across 11 business sectors, including luxury residences, hospitality and gastronomy, with operations spanning multiple countries and major global cities.
Swinger International, led by Mathias Facchini, is an Italian fashion group specialising in apparel, footwear, handbags and accessories across the prêt-à-porter and contemporary segments. Its portfolio includes proprietary brands such as women’s wear label Genny, as well as licensed collaborations with leading international fashion houses.
Giulio Gallazzi, Chairman and CEO of SRI Group, brings extensive expertise in international business development, corporate finance and governance. SRI Group is a private equity investor focused on SMEs and is among the main shareholders of Gruppo Banca del Fucino.
The transaction underscores Etro’s ambition to scale globally while reinforcing its position in the international luxury lifestyle market.
