Bruno Magli to be Sold to Korean Investors

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.