Luxury house Etro reshapes ownership to accelerate global expansion

Italian luxury fashion house Etro has entered a new phase of growth after the founding family sold a minority stake to a consortium of overseas industrial investors, the company said Wednesday. The transaction leaves global private equity firm L Catterton — backed by luxury group LVMH — as Etro’s largest shareholder, with its control unchanged. The newly formed investor group, comprising Rams Global, Mathias Facchini of Swinger International and Giulio Gallazzi of SRI Group, acquired the Etro fa