Italian investors Borletti Group and Quadrivio & Pambianco, through their private equity-based Lifestyle Fund II, have taken full ownership of the Italian fashion brand Twinset.
Ownership is equal between the two investors, with the intention to jointly foster the brand's future expansion.
Co-investors Narval Investimenti and Ersel Banca Privata's club deal are also part of the investment, with Narval appointing a board representative to support Twinset's growth.
Borletti and Quadrivio plan to consolidate Twinset's affordable luxury market position and enhance brand awareness through marketing and communication investments.
The strategy includes bolstering the retail channel with prime locations and advancing the online channel as part of a comprehensive digital strategy. They also aim to expand the franchise network and evolve multi-brand distribution.
Borletti Group founding partner Maurizio Borletti stated: “Twinset is a brand positioned in a developing segment, with solid foundations and still-significant potential. We will contribute our experience in the retail and fashion sectors to support its growth journey. The current state of the luxury market makes the alternative luxury segment an area of high growth potential.”
Twinset, established in 1990 in Carpi, Italy, achieved revenues surpassing €200m ($230m) and more than €30m earnings before interest, taxes, depreciation and amortisation.
Sales are predominantly direct-to-consumer via Twinset's retail network and online platform, complemented by wholesale distribution.
The brand has 150 sales points, including directly operated stores and franchises.
Twinset's online revenue has also seen double-digit growth, with annual increases above 10% since 2020 due to its online presence and selective multi-brand retailer distribution.
20% of Twinset's total revenues come from Spain, Germany and the Benelux countries.
Geographically, Twinset will intensify its European presence and explore new markets such as the US and Asia.
This is the second fashion sector investment for Borletti in 2025, following US apparel brand True Religion.
Twinset is the fourth portfolio investment ror Lifestyle Fund II, joining brands such as Autry, Filippo De Laurentiis and Sessùn.
Twinset CEO Alessandro Varisco stated: “I am very happy that Twinset is being acquired by two Italian funds, Borletti and Quadrivio, who know our sector well thanks to their experience. It is a great opportunity for the company, which allows us to further strengthen its identity and become an increasingly international brand.”
