Richemont completed the acquisition of Gianvito Rossi.

Richemont, a luxury brands conglomerate, completed the acquisition of Gianvito Rossi, an Italian shoes and accessories company. Financial terms were not disclosed. “I have found in Richemont a partner who shares common values such as the greatest attention to quality, design and craftsmanship and the preservation of tradition handed down from generation to generation. I decided to choose them to keep developing the brand worldwide and for their expertise and model of global expansion. Our partnership will be beneficial for the company’s next stage of growth, and we look forward to starting this exciting new chapter together with a spirit of fruitful cooperation," Gianvito Rossi, Gianvito Rossi Founder and CEO.