Alcedo Aquires Majority Stake in Footwear Brand Atlantic Stars
10 days ago - By WWD
MILAN - Private equity Alcedo IV Fund has acquired a 60 percent stake in Italian premium sneaker brand Atlantic Stars. The value of the operation was not disclosed.
The remaining 40 percent will stay in the hands of the brand's four cofounders Alessandro Squarzi, Cristiano Martelli, Gian Luca Zucchelli and Matteo Zoni, who will keep their roles within the company in the style, manufacturing and distribution areas.
The acquisition of a majority stake in the brand was realized through the purchase of Finest Shoes Srl and two other companies owning the Atlantic Stars footwear label, as well...
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