Style Capital Exits LuisaViaRoma: Sources

Core Insights - Style Capital is exiting its investment in luxury retailer LuisaViaRoma after four years, with CEO Tommaso Maria Andorlini acquiring the 40 percent stake [1][2] - The exit comes amid a downturn in luxury spending affecting retailers globally, prompting Andorlini to commit to a future-proof business model [1][2] Company Overview - Style Capital invested 130 million euros to acquire a 40 percent stake in LuisaViaRoma in 2021 [2] - The company was founded in 1929 by Luisa Jaquin and generated revenues of approximately 230 million euros at that time [3] Leadership Changes - Andrea Panconesi became chairman after the acquisition, and Alessandra Rossi served as CEO until Andorlini took over in 2023 [3] Business Developments - Under Andorlini's leadership, LuisaViaRoma opened a second physical store in New York and partnered with Camera Buyer Italia to create a multistore online destination [4] - The company also acquired Holding IT and Playground Srl, expanding its e-commerce and luxury sportswear operations [4] Financial Performance - LuisaViaRoma reported sales of 310 million euros for 2024, with financial debt of 30 million euros as of last July [6] - The company filed for fiscal protection measures in August to negotiate with financial creditors while ensuring business continuity [6]