Lanvin Group completes sale of Caruso to MondeVita Italy
Financial terms of the transaction were not disclosed.
Lanvin Group has announced that it has completed the sale of Caruso, the Italian luxury menswear manufacturer and brand, to MondeVita Italy S.r.l., a subsidiary of Mondevo Group.
The company said the move aligns with its strategy to concentrate on the development of its core brands.
Mondevo Group said the acquisition strengthens MondeVita, its lifestyle and luxury unit focused on expanding heritage brands in premium beverages, luxury goods, hospitality, and wellness.
Financial terms of the transaction were not disclosed.