Made in Italy Fund backs sneakers and acquires Autry and Ghoud
The private equity fund managed by Quadrivio & Pambianco gains a majority stake in both companies, making a double investment in the footwear sector
Made in Italy Fund is back investing in the fashion sector and now holds majority stakes in the Autry and Ghoud footgear brands. This private equity fund supported and managed by Quadrivio & Pambianco thus becomes the main shareholder in these two companies specialized in producing and distributing sneakers.
Marco Doro, an enterpriser who took over Autry in 2019 with Alberto Raengo and Gino Zarrelli, and co-founder of Ghoud with Veronica Sgarbossa, will reinvest in both businesses. Alongside him will be Patrizio di Marco, previously President of Golden Goose and ex-CEO of Gucci and Bottega Veneta, who will act as President of both companies, also investing with the fund.
Autry appeals to male and female sneaker-wearers alike, and stands out for the iconic ’80s style of its products and their hallmark American flag. Ghoud also makes and distributes men's and women's footgear. Founded in Italy in 2017, this brand is positioned in the ‘accessible luxury’ segment and is known for its minimalist identity as well as for the quality and attention to detail of its products. The enterprises’ combined turnover for 2021 is estimated at between €25 and €30 million, with an EBITDA between €7 and €9 million. The two deals are Made in Italy Fund’s ninth and tenth investments, respectively, as well as its fifth and sixth in the fashion sector. Companies already in the fund’s portfolio in the apparel segment are: 120% Lino, Rosantica, GCDS and Dondup.