Reinold Geiger and André Hoffmann to acquire a majority stake in Save The Duck from Progressio.

Reinold Geiger and André Hoffmann, respectively Chairman and CEO of the multinational beauty group L’Occitane, agreed to acquire a majority stake in Save The Duck, the first 100% animal-free down jacket brand and the first fashion company in Italy to obtain B-Corp certification, from Progressio, an investment firm. Financial terms were not disclosed. "Both Reinold Geiger and I are delighted to be partnering with Nicolas Bargi and his team to take Save The Duck to the next level of international growth. Save The Duck's commitment to sustainability, reflected in their achievement of B-Corp status, was a key factor in our decision to invest in the company. We would also especially like to thank the team at Progressio SGR, led by Filippo Gaggini, Angelo Piero La Runa and Massimo Dan, for their great partnership and support to the Save The Duck management team over the past few years," André Hoffmann.