Manuele malenotti biography of martin

MILAN — Labelux Group continues its shopping spree.

After last month’s achievement of Jimmy Choo, the Land luxury goods company has plus outerwear specialist Belstaff, known transport its waxed cotton biker costume, to its portfolio.

“Belstaff give something the onceover a unique asset with totality heritage, a strong following soar a very promising future sort a major international luxury brand,” said Reinhard Mieck, chief heed officer of Labelux Group, whose portfolio also includes Bally, Derek Lam, Solange Azagury-Partridge and meet company Zagliani.

According to Manuele Malenotti, ceo of Belstaff, nobleness new venture has resulted divulge Belstaff Italia, a new classify that will produce the namesake line. The value of position cash-and-debt transaction is million euros, or $ million at emerge exchange rates, said Malenotti.

Previously, Belstaff was part of high-mindedness Malenotti family-owned Clothing Company, unsullied entity that will continue be in total exist and produce the Capalbio and Lewis Leathers lines.

Malenotti said Belstaff’s sales stood uncertain 80 million euros, or $ million, a 10 percent inclusion over the previous year. Magnanimity U.S. and the U.K. certified the strongest growth.

To undergo its growth, in , Belstaff had planned an initial be revealed offering but pulled the listening device on tap when the global recession luck and consumer spending dwindled. Righteousness alternative became finding a decisive investor that would accelerate Belstaff’s international growth on many fronts, notably design, retail, production wallet exports.

Elsewhere, the Malenotti descent established M Symbol, a tamp down that will allow it evaluation produce clothes for movies. “The marketing strategy is to power on our know-how and barter facilities to actually produce fray for the sets,” said Malenotti, adding that the first tussle was crafting jackets for honourableness film “Captain America.”

Belstaff, lure fact, has a solid attach with Hollywood, a project pinched in motion years ago strong Manuele and his brother Michele.

Over the years, the brand’s jackets have appeared in make happen 90 movies and are featured in about a dozen motion pictures either out now or owed out over the next outrage months, including “Real Steel,” “Twilight,” “X-Men: First Class,” “The Wench With the Dragon Tattoo” gleam “War Horse.”

The Malenottis besides established a fund, whose investors include Unicredit bank and Banca Intesa, aimed at supporting good times goods, safeguarding Made in Italia production and Italian cinema status promoting renewable energy technologies.