Headlines

Bruno Magli to be Sold to Korean Investors

Italian footwear brand had been owned by British capital management firm

Published

11 years ago

October 30, 2013

steve kaufman

Bruno Magli, the legendary Italian footwear brand that has been owned by a Britisn investment fund is about to be sold to a consortium of South Korean investors.

Women’s Wear Daily reports that Fortelus Capital Management LLP (London), which acquired the brand in 2007, has entered into exclusive negotiations with a consortium of South Korean investors that include E-Land Group (Seoul) and Asian private equity investor CDIB Capital International Corp. (Hong Kong). The transaction is expected to close next month.

E-Land works with close to 200 brands, including Kate Spade in Mainland China, and operates more than 10,000 stores worldwide.

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