As reported today by ItalyEurope24 “To help a promising Italian company grow further at international level. This is the objective behind the decision by 21 Investimenti – an investment group founded and led by Alessandro Benetton – to buy a majority stake in Contemporary Bags, a company owned by the Gianni Chiarini Group.
The Florence-based company was established in the late 1990s and ended 2016 with €35 million in revenues, 60% of which generated from foreign sales. It comprises two brands: Gianni Chiarini, a bags and accessories brand that underwent a gradual restyling, and Gum Gianni Chiarini Design, a contemporary and more accessible brand that was launched in 2013 and has developed significantly.
“The Gianni Chiarini Group has all the features 21 Investment looks for when selecting a project in which to invest. It embodies the trademark values of Made in Italy: focus on design and quality, manufacturing excellence, attention to customer taste and needs. It has huge growth potential, which could lead to a significant international development,” said Alessandro Benetton.” [Continue reading]