Martedì, 16 Ottobre 2018
MILAN

Pernigotti chocolates sold to Turkish group

English
© ANSA

Milan, July 11 - Pernigotti chocolates became the
latest historical Italian brand to end up in foreign hands
Thursday, sold to the Turkish Toksoz group.
The 150-year-old chocolatier, famed for its 'gianduiotti'
hazelnut-flavoured nuggets, has annual sales of around 75
million euros.
Last week storied cashmere firm Loro Piana was swallowed up
by the world's largest luxury group, LMVH.
LVMH has acquired several iconic Italian brands over the
years.
Last month it purchased a majority share in Milan's
historical Cova pastry-shop brand, based in the heart of
the city's well-heeled fashion district.
In 2011 it took over the luxury Italian fashion brand
Bulgari.
In the same year, fashion house Brioni went to France-based
PPR and a controlling stake of Moncler was sold to French
investment company Eurazeo.
France is not the only foreign investor in iconic Italian
fashion houses.
In 2012 the Qatar royal family bought the Valentino Fashion
Group (VFG) under its holding company Mayhoola for Investments
Spc.

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