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Trussardi Acquired by Quattro R

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Trussardi

Italian luxury brand Trussardi known for its fine production of leather goods has been reportedly acquired by private equity firm Quattro R, according to Pambianco.

Quattro R will own an 80 percent stake in Trussardi which estimated to around $57.1 million.

After over four centuries, the founding family will pass over the brand to Quattro R, which was established in 2015, who focuses restructuring Italian companies plagued with financial hardships. The firm is backed by lender Cassa Depositi e Prestiti (CDP) and pension fund Cassa Forense.

Pambianco also reports, Trussardi’s chief executive Tomaso Trussardi will hold the remaining 20 percent stake in the company. Tomaso’s sister Gaia Trussardi will no longer be a shareholder of the company, while shares belonging to Tomaso’s mother Maria Luisa Gavazzeni will be diluted. Meanwhile, managing director Massimo Dell’Acqua will be leaving his post, and the new management team will be announced when the deal closes in March.

In 2015, Trussardi received a 51.5 million euros (around $58.8 million) loan from six local banks and stipulated a capital increase of 5 million euros (around $5.7 million), soon followed by the shuttering of the house’s diffusion line Tru Trussardi. In April, Trussardi was hit by the unexpected resignation of Gaia Trussardi from her role as creative director, per BOF.

Trussardi currently operates 177 boutiques and over 1,500 points of sale in 47 countries worldwide.

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Puma collaborates with Meek Mill for ‘Reform’ sneaker

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Puma announced Thursday the launch of its latest basketball sneaker is on the way. The Clyde Court #REFORM shoe’s design concept was inspired by Meek Mill’s outreach for criminal justice reform and Olympian Tommie Smith’s call for global equality, according to a company press release.

The sportswear company is set to become the official partner of the REFORM Alliance, a new organization backed by Mill, Puma basketball Creative Director Jay-Z, Fanatics Executive Chairman and Philadelphia 76ers Co-owner Michael Rubin and Kraft Group CEO and New England Patriots Owner Robert Kraft, among others.

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All proceeds from the new shoe will be donated to the organization, the company said. Puma athletes including DeMarcus Cousins and DeAndre Ayton began wearing the sneakers Thursday, and Puma said it will donate $5,000 in the name of each player.

“We are particularly proud of the Clyde Court #REFORM, as it not only takes inspiration from the past but hopefully encourages a new generation of individuals to fight for universal equality,” Adam Petrick, Puma global director of brand and marketing, said in a statement.

“Businesses are going to go increasingly woke over the next couple years. I’m not saying it’s not a principled decision, but it’s really more, in my mind, a shareholder-driven move,” Galloway said

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10 Must-Have Jackets for Spring 2019

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Virgil Abloh

While everyone is still trying to savor the last months of Winter to get the wear out of their coats in the South, West Coasters I’m jealous of you all basking in the warmer weather. After scouring the web, here are my top picks. Overall, all of these selections can be worn year round, can stand the test of time, or are unique pieces that encompass the diverse world of fashion.

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Paris Fashion Week: Football helmets make debut on runway

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Photo: Peter White/Getty Images

Over the years, we’ve witnessed a ton of innovative looks on the runway but never thought the day would come when football helmets grace the catwalk.

At Tuesday’s unveiling of Off-White’s Fall 2019 collection Paris Men’s Fashion Week, popularpopular designer Virgil Abloh pushed the envelope by styling his fleet of models in American football team’s signature helmets as they strut down the catwalk.

Abloh, the artistic director of Louis Vuitton’s men’s wear collection and the CEO of Off-White, dressed two models in matching floral print bodysuits, leather-fringed boots, and white football helmets, one with the Los Angeles Chargers logo and the other with UT’s.

For the less adventurous Abloh’s collection also included a Cowboy boot with “For Walking” running down the side in his iconic lettering. They cost cost a pricey $2,290.

His second collection for Louis Vuitton will be on full display January 17 and the teaser he posted to Instagram promises all kinds of Michael Jackson vibes.

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