According to analysts at JPMorgan, this deal signifies Arezzo’s shift towards positioning itself as a potential global shoe powerhouse.
Along with their funding announcement, Rubi also established initial strategic partnerships with brands such as Reformation, GANNI, Nuuly, H&M, and Patagonia to pilot their innovative solutions.
The group is planning new acquisitions in the manufacturing and retail sectors to maintain the business performance and strengthen its internationalization.
The group said, the goal is to reach nearly 50 million euros by 2025 and at least more than 2600-27 million euros by 2023.
With its prime location, this hotel has become an iconic landmark of Paris and one of the most sought-after real estate assets in the area.
Topspin made headlines in 2021 with its acquisition of Mission, the sportswear and accessory company co-founded by tennis star Serena Williams, younger sister of Venus Williams.
In 2022, Lao Feng Xiang achieved a whopping revenue of 63.01 billion yuan, marking a remarkable 7.36% increase year-on-year.
Circular fashion startup Circ raised almost $9 million in a Series A funding round in 2020, followed by a $30 million Series B round in July 2021, as the company continues to use patented technology to recycle fashion waste and reduce the demand for virgin clothing materials.
Huali Industrial Group sold a total of 221 million pairs of sneakers, an increase of 4.65% year-on-year; operating revenue was RMB 20.57 billion.
On the following analyst’s call, , Chief Executive Officer and General Manager Marco Gobbetti said sales in mainland China at the start of the year were also encouraging.