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EXCLUSIVE: Tomorrow Group Changes Hands
Yahoo Finance· 2026-03-19 12:27
Core Insights - Progetto 11, the holding company of The Level Group, is acquiring Tomorrow Group to ensure operational continuity for the international fashion platform focused on wholesale distribution and brand development [1][2] Group 1: Acquisition Details - Financial details of the acquisition were not disclosed, but it marks the exit of previous shareholders, including founder Stefano Martinetto and Three Hills Capital Partners [2] - Tomorrow Group co-owns notable brands such as Coperni, Charles Jeffrey Loverboy, and Martine Rose, and has been instrumental in launching initiatives like Marni menswear and Diesel Red Tag [2] Group 2: Challenges and Strategic Focus - Tomorrow Group is facing financial hurdles, which may have impacted brand operations, as evidenced by the cancellation of the fall 2026 collection by Martine Rose and Coperni's absence from Paris Fashion Week [3] - The Level Group aims to support and stabilize Tomorrow's platform amidst market challenges, leveraging a digital direct-to-consumer experience to enhance Tomorrow's wholesale approach [4][5] Group 3: Future Plans and Portfolio - The Level Group plans to maintain Tomorrow's showrooms in Milan, Paris, and New York while expanding its brand portfolio [4] - Progetto 11 encompasses a diverse portfolio, including The Level Group and various strategic investments across the fashion and e-commerce sectors, featuring brands like Dolce & Gabbana and Off-White [5]