Italian brand Giamattista Vista has a new owner: itself.
The designer acquired full ownership of his eponymous brand from Artémis, the Pinault family’s private investment arm. Financial terms of the agreement were not disclosed.
“I would like to thank Artémis for its support and commitment to the Maison throughout all these years,” Valli said in a statement posted on Instagram. “This agreement now enables me to fully regain control of my brand and to pursue its development with enthusiasm and energy.”
François-Henri Pinault, chairman and CEO of Groupe Artémis, added, “We have been delighted to support Mr. Giambattista Valli and to stand behind such a singular and demanding creative vision. After years of an inspiring collaboration, a new chapter is now opening in this entrepreneurial adventure, and I wish Giambattista every success in the next stage of his journey.”
Artémis first invested in Giambattista Valli in 2017, then took a 90% stake in 2021. Over the years, the investment firm has helped the Italian label strengthen its infrastructure and grow its international presence.
Artémis’ offloading of Giambattista Valli has been in the works for a while: Since last year, anonymous sources have reported that the investment arm quietly tapped banking firm Rothschild & Co to explore potential buyers. Then, this January, the Italian fashion house canceled its haute couture show. “The house is currently undertaking an in-depth reflection on the organization of its activities in order to ensure their long-term sustainability,” Artémis said in a statement at the time.
Giambattista Valli’s reacquisition comes amid an industry-wide reshuffling of brand ownership: Most recently, LVMH agreed to sell Marc Jacobs to WHP Global.
