Translated by
Nazia BIBI KEENOO
Revealed
March 28, 2025
Luxurious cashmere label Malo has a brand new proprietor. The Florence-based model, based in 1972 by brothers Alfredo and Giacomo Canessa, has been acquired by Glickman Capital, a U.S. non-public fairness agency managing $2 billion in property. The agency was based by entrepreneur David Glickman, who is understood for his ventures in tech and telecommunications, together with Extremely Cell and Mint Cell.
Malo, males’s coat in wool and cashmere – Malo
The deal—Glickman Capital’s first main acquisition within the style sector—was reportedly finalized on December 22, although it has solely now been made public. The transaction covers 85% of Malo’s share capital, with the earlier possession retaining the remaining 15% for now. Glickman Capital already owns Bare Cashmere, a U.S. style model working solely via direct-to-consumer retail.
Manufacturing and the model’s headquarters will stay in Tuscany in the meanwhile, though the corporate could later relocate to Milan. Within the meantime, Glickman has reportedly established two new subsidiaries: Malo US, based mostly in the USA, and Malo Asia-Pacific, concentrating on enlargement in that area.
In 2018, Italian agency Finplace 2, led by entrepreneurs Walter Maiocchi and Luigino Belloni, acquired Malo, ending the model’s non permanent receivership interval. Chapter administrator Daniele Fico, below the supervision of the Florence courtroom, had managed the receivership course of. Their supply of €9.92 million—simply €20,000 above the beginning value—was the one bid submitted. Earlier than the acquisition, Quadro Capital Companions managed Malo however withdrew after the model declared chapter.
Malo, girls’s cotton crewneck sweater Malo – Malo
Malo has undergone a number of possession adjustments over time. In 1999, it turned a part of the Italian style group Ittierre, which held the model till its monetary collapse prompted a sale. Evanthe, an organization below Exa S.r.l., acquired Malo in October 2010, adopted by Quadro Capital Companions in August 2014.
Final yr, the model opened a 190-square-meter boutique on By way of della Spiga in Milan after closing the fiscal yr with roughly €15 million in income, reflecting double-digit progress.
Glickman Capital, proprietor of UK soccer membership Leeds United, additionally holds a various portfolio that features tequila model Dame Más, pharmaceutical agency Cupboard, a number of tech, digital and leisure firms, in addition to hospitality ventures. In Italy, the group owns the Sant Ambroeus restaurant and pastry chain.
