Recently, Gruppo Florence, a Made in Italy luxury production platform, announced its 22nd acquisition——Ricamificio GS, an Italian embroidery company. The transaction sum was not disclosed. The acquisition means that Gruppo Florence is expanding into embroidery.
After the transaction is completed, Ricamificio GS will become part of the Gruppo Florence Group, with 60% of all its assets and staff controlled by the investor funds VAM Investments, Fondo Italiano d’Investimento, and Italmobiliare. The group was founded at the end of 2020, and 40% by the owners of the companies acquire …
