Capri signs acquisition deal with Alberto Gozzi

Global fashion luxury group Capri Holdings Limited is all set to acquire the Tuscany-based atelier and shoe manufacturer Alberto Gozzi after signing a definitive agreement. The transaction is expected to close in the company's fourth fiscal quarter, subject to specified closing conditions.

The factory, owned and operated by the Gozzi family since its founding in 1974, has produced high-end shoes for many of the world's top luxury brands over the years. In the immediate future, the factory will develop and produce shoes for Jimmy Choo and Versace; the production of Michael Kors Collection shoes will be added at a later date.