Marco Marchi, founder and
president of fashion brand Liu Jo S.p.A., has signed an
agreement for the acquisition of Blufin through the holding
"Eccellenze Italiane", as part of a project to launch the group
in high-end fashion, according to a statement published on
Wednesday.
Blufin, a ready-to-wear company that groups labels Blumarine,
Blugirl and Anna Molinari, was sold after a private negotiation
between Marco Marchi and the Tarabini family that founded the
company in 1977.
The talks did not include banks as intermediaries and
"quickly wrapped up with agreements to sell 100% of Blufin's
shares to Eccellenze Italiane", the company said in the
statement.
The Blufin group is present in 50 countries and consolidated
revenue in 2018, including royalties on licenses, was worth 33
million euros, 40% of which was generated by the Italian market
and 60% by foreign markets
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