VAM Investments and Fondo Italiano d’Investimento to acquire Giuntini, Ciemmeci Fashion and Mely’s Maglieria.

Private equity firms, VAM Investments and Fondo Italiano d’Investimento, agreed to acquire luxury fashion and accessories companies, Giuntini, Ciemmeci Fashion and Mely’s Maglieria. Financial terms were not disclosed. “These companies complement each other, they are not competitors — they are three legs of the same table. This is only the beginning of this industrial project. We have already identified other companies that can become part of Florence - one is specialized in jersey and the other in denim. We will rapidly expand this integrated platform,” Francesco Trapani, VAM Chairman.