Gruppo Star New Generation has acquired Maglificio Marta Carollo and a majority stake in Label System to bolster its presence in the luxury fashion sector, targeting significant growth by 2023.

Target Company Information

The Gruppo Star New Generation (Gruppo SNG), which is 70% owned by Star Capital through the Star IV – Private Equity Fund and 30% by the Marzioni family, has successfully acquired 100% of Maglificio Marta Carollo S.r.l. and 80% of Label System S.r.l. Maglificio Marta Carollo, based in Schiavon (VI), specializes in the design, production, and marketing of knitwear and accessories for leading luxury brands. The company, owned by the Cogo family, reported a turnover of €8.6 million in 2022, reflecting a 27% increase compared to the previous year.

Label System, located in Civitanova Marche (MC), focuses on producing various types of labels and specializes in unique design and production techniques for leather goods, footwear, and clothing. Marco Paniconi, the son of founder Alberto Paniconi, will retain a stake in Label System and continue to serve as President and CEO. The company achieved a revenue of approximately €5.6 million in 2022.

Industry Overview in Italy

The Italian fashion industry has long been celebrated as a hub of creativity and craftsmanship, particularly in the luxury segment. Renowned globally for its high-quality textiles and skilled artisans, Italy's fashion