Style Capital Exits LuisaViaRoma: Sources

MILAN — Style Capital is exiting luxury retailer LuisaViaRoma after four years, WWD has learned. Sources said current chief executive officer Tommaso Maria Andorlini is acquiring the private equity firm’s 40 percent stake in the company and has committed to paving the way for future growth amid a downturn in luxury spending that has hit retailers globally. More from WWD UPDATE: Style Capital Exits LuisaViaRoma, CEO Commits to Futureproof Business Model LuisaViaRoma did not return WWD’s requests for comment ...