SRI Group has co-invested, through the newco S.L.11 Sarl controlled by L Catterton Europe, in the acquisition of a controlling stake in the global luxury fashion house Etro. S.L.11 Sarl has acquired 60% of Etro Spa, with the Etro family retaining a significant minority stake equal to 40% of the shareholding. Founded in Milan in 1968 as a textile company, Etro is widely known for its iconic paisley motif and bold patterns inspired by travel, and has a rich heritage of interpreting iconic aesthetic beauty on precious fabrics with a distinctive Italian footprint in terms of both style and craftsmanship. The Company today represents an expanding business with a number of diversified product categories, including women’s and men’s fashion, accessories, beauty and fragrances, and home goods. By leveraging L Catterton’s deep investment expertise, category knowledge, consumer insights, and strategic relationships with LVMH (one of the main partners of the fund), Etro will be poised for significant growth to become one of the leading high-end brands across its product categories.
