Gruppo Florence has acquired Tuscan leather manufacturers EFFEBI and A.L.B.A., along with embroidery company ABC Ricami, enhancing its capabilities in the luxury fashion sector.
Information on the Target
Gruppo Florence has recently acquired two esteemed Tuscan companies, EFFEBI and A.L.B.A., known for their excellence in manufacturing leather bags and accessories for some of the most iconic luxury brands. This acquisition marks the establishment of a new business unit dedicated to 'leather goods' and further reinforces Gruppo Florence's presence in the world of intermediate processing through the acquisition of ABC Ricami, a Pistoia-based company that perfectly blends traditional embroidery craftsmanship with the use of cutting-edge machinery.
Founded in 2020, Gruppo Florence is recognized as the first integrated industrial hub in Italy, encompassing the entire value chain from product development to manufacturing for the international luxury market. The group reported a revenue exceeding 600 million euros in 2022, showcasing its significant impact on the luxury fashion industry.
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Industry Overview in Italy
The luxury fashion sector in Italy is a vital component of the country's economy, renowned for its high-quality craftsmanship, innovative designs, and cultural heritage. Italy's luxury brands are inter
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Gruppo Florence
invested in
EFFEBI, A.L.B.A., ABC Ricami
in 2023
in a Management Buyout / Buy-In (MBO) deal
Disclosed details
Revenue: $600M