There could be some big changes for Italian footwear brand, Giuseppe Zanotti who may have new owners in the new year. Currently owned by Vicini SpA, WWD is reporting that someone has been brought it complete a strategic review of the business.
The investigation could potentially lead to the sale of the company, and those takers are said to be Lion Capital, Warburg Pincus and U.K.-based Phoenix Equity Partners. Sources have also said the company is worth up to $400 million. The most attractive of the potential bidders is LVMH Moët Hennessy Louis Vuitton who own Bulgari, Celine, Fendi Givenchy and more recently Nicholas Kirkwood.
No official word has been made yet, but is Kanye West is really bout-it’ he should put a bid in.