According to the Italian media MFFashion, Italian luxury bedding brand Frette has changed its owner. Private equity investment fund Change Capital Partners has sold its 100% ownership of Frette to Raza Heritage Holdings, a consortium of strategic and private equity investors. Frette, founded in 1860, has a history of 163 years.
Bloomberg reports, that Raza Heritage Holdings is a Chinese consortium led by Ding Shizhong, the Chairman of ANTA Sports. The transaction is valued at approximately 200 million euros.
Insiders mention that Ding Shizhong participated in the transaction through a …
