The Florence holding company scores the nineties, the one that projects the pole of Made in Italy fashion subcontractors led by Francesco Trapani (formerly to Bulgari) among the major global suppliers of luxury. The company, created in autumn 2020 by Vam Investments, an Italian investment fund and Italmobiliare with the aim of combining healthy family businesses with an excellent production how-how, has acquired Antica Valserchio di Castelnuovo Garfagnana (Lucca), one of the most prestigious Italian manufacturers of scarves for the big brands (from Gucci to Burberry to Cucinelli), which belongs to the Bertolani family.
Antica Valserchio has a 70-year history, 90 employees and a production network made up of a dozen Prato textile companies with 300 employees. In 2019 it had a turnover of 34.7 million (+ 34%), 32% of exports, with an EBITDA of 19% and 1 million scarves and stoles produced. In recent times it has been expanding to the production of fabrics for furnishings, clothing, bags and shoes.
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This is the sixth operation in less than a year of the Florence Group, led by CEO Attila Kiss, who now expects to close 2021 with a turnover of around 170 million and more than a thousand employees. Previous acquisitions were Giuntini from Pisa (outerwear), Ciemmeci Fashion from Empoli (leather clothing), Mely’s from Arezzo (knitwear), Manifatture Cesari from Umbria (jersey) and Emmegi from Lombardy (outerwear). Almost all the owners of the acquired companies have joined the Florence project, reinvesting in the group which is now 65% controlled by investment funds and 35% owned by the Giuntini, Capezzuoli, Maltinti, Ciampolini, Sanarelli, Romolini, Bonacina and now Bertolani.
«We want to create synergies – explains Trapani – and offer increasingly excellent services to international brands in the luxury segment. Antica Valserchio will add further know-how to our aggregation ». An aggregation that for Alessandro Bertolani, in Antica Valserchio, will bring «notable industrial synergies with companies that were already part of the Florence Group ».
As Florence grows, the other takes a step forward as well Made in Italy fashion subcontractor pole, also aimed at serving the luxury industry, started three years ago by Claudio Rovere’s holding industrial fund (Hind) and entrusted to the leadership of Giulio Guasco. Hind has just acquired, through the subsidiary Holding Moda, the majority of the leather goods Gab, a manufacturer of bags for the big brands based in Calenzano (Florence), founded in 2009 by Simone Lenzi and Claudia Guidarelli who remain in the company. Gab has 86 employees and in 2020 it had a turnover of 13 million.