Carlo Rivetti, owner of Stone Island names Rothschild Company as advisor
04 Oct. 2013
Stone Island names advisor
Carlo Rivetti, owner and president of Sportswear Company, the Italian company behind Stone Island, has decided to appoint Rothschild Group, one of the world's largest financial advisory groups, to evaluate various acquisition proposals the company has been offered in recent months. Rivetti will not make any hasty moves, but will calmly plan future paths of development for the brand.
Stone Island has doubled its turnover in the past five years. The company will continue to concentrate on its own business, and will evaluate only offers that will support its own growth. Sportswear Company has not confirmed or denied any proposals it has received.
Sportswear Company closed 2012, registering sales of 60,790,000€ (+17% compared to 2011) and foresees a growth of 12% for 2013. Export counts for 61%.
Maria Cristina Pavarini
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