Group of Italian Investors Eyeing Brooks Brothers

Jul 20, 2020 266

“It’s a David and Goliath story.” Entrepreneur Luciano Donatelli is aware that giant groups are interested in taking control of Brooks Brothers, but he is undeterred. Donatelli has quickly put together a group of investors under the Club Deal 8 moniker, including online retailer Giglio Group, the Biella-based Gruppo Verzoletto, and a silk group from Como that has requested anonymity for the time being.

Partnering with Giglio Group is telling, since developing a bigger online business for Brooks Brothers is a key focus for the investors. Another is “to make sure the storied American company is not butchered into smaller companies by funds that could speculate on this deal. 

Read more

SOURCE: https://finance.yahoo.com

You may be interested