Food In­vest­ment

WWD Digital Daily - - News -

A few days after re­veal­ing the ac­qui­si­tion of a 49 per­cent stake in the At­tico brand, Remo Ruffini's ve­hi­cle Ar­chive Srl said Thurs­day it has bought 40 per­cent of Lan­gos­te­ria Hold­ing Srl. The lat­ter in­cludes high-end seafood Mi­lan restau­rants Lan­gos­te­ria; Lan­gos­te­ria Bistrot; Lan­gos­te­ria Café Mi­lano, and the sea­sonal Lan­gos­te­ria Paraggi lo­cated on the beach near lux­ury re­sort town Portofino at the renowned Bagni Fiore Beach Club.

“Lan­gos­te­ria and its founder En­rico Buono­core are the ex­pres­sion of the de­ter­mi­na­tion to con­stantly seek ex­cel­lence of­fer­ing a unique and in­no­va­tive ex­pe­ri­ence, which are the main driv­ers of our in­vest­ments," said Pi­etro Ruffini, ex­ec­u­tive board mem­ber of Ar­chive, and son of Remo Ruffini, chair­man and chief ex­ec­u­tive of­fi­cer of Mon­cler. "We want to sup­port Lan­gos­te­ria in its growth and in­ter­na­tional de­vel­op­ment aim­ing to ex­press its max­i­mum value."

“This new com­pany struc­ture is strate­gic for the in­ter­na­tional de­vel­op­ment of the brand, with a grad­ual plan to open in se­lected cities out­side Italy," said Buono­core, founder and ceo of Lan­gos­te­ria Hold­ing. "We have found the ideal part­ner in Ar­chive shar­ing a com­mon in­tent, val­ues and en­trepreneurial vi­sion."

Fi­nan­cial de­tails of the in­vest­ment were not re­vealed.

The op­er­a­tion is in line with Ar­chive's di­ver­si­fi­ca­tion strat­egy, stated a note, ex­plain­ing that the ve­hi­cle's mis­sion is to in­vest, through the ac­qui­si­tion of mi­nor­ity share­hold­ings, in com­pa­nies oper­at­ing in the ready-to-wear, food and bev­er­age, and hos­pi­tal­ity sec­tors.

Ar­chive is an in­de­pen­dent com­pany en­tirely con­trolled by Ruffini Parte­ci­pazioni Hold­ing, which is con­trolled by Remo Ruffini, and is Mon­cler's main stake­holder. — LUISA ZARGANI

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